Sugimura Warehouse Co., Ltd. (TSE:9307) announces a share repurchase program. Under the program, the company will repurchase up to 45,000 shares, representing 0.28% of its issued share capital (excluding treasury stock), for ¥30 million. The purpose of the program is to allocate to restricted shares to be delivered to the directors and executive officers of the Company and its subsidiaries, improve capital efficiency, and implement agile capital policies.

The program will run until June 17, 2022. As of March 31, 2022, the company had 16,338,035 shares in issue (excluding treasury stock) and 70,075 shares in treasury.