Tsugami Corporation (TSE:6101) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 2.07% of its total shares outstanding (excluding treasury shares), for a total of ¥1,100 million. The purpose of the program is to carry out agile capital policy that responds to future changes in the business environment.

The program will be valid till May 10, 2023. As of November 7, 2022, the company had 48,234,000 issued shares (excluding treasury shares) and had 1,766,000 treasury shares.