Vertex Corporation (TSE:5290) announces a share repurchase program. Under the program, the company will repurchase up to 420,000 shares, representing 1.61% of its total shares outstanding (excluding treasury shares), for a total of ¥800 million. The purpose of repurchase program is to enhance shareholder returns, to improve the capital efficiency and to implement flexible capital policies in response to changes in the business environment.

The repurchase program is valid till November 30, 2024. As of March 31, 2024, the company had 26,040,217 shares outstanding (excluding treasury shares) and had 4,513,133 shares in treasury.