AXELL Corporation (TSE:6730) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 4.46% of the outstanding shares for ¥393.5 million. The shares will be repurchased at a price of ¥ 787 per share. The purpose of the program is to improve capital efficiency and enable flexible execution of capital policies in response to changes in the business environment. The program will run until November 20, 2020. As of September 30, 2020, the company had 11,211,837 shares outstanding and 152 shares in treasury.