T&D Holdings, Inc. (TSE:8795) announces a share repurchase program. Under the program the company will repurchase 40,000,000 shares, representing 7.31% of its issued share capital, for ¥40,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will run until May 15, 2024. As of April 30, 2023, the company had 547,186,067 issued shares (excluding treasury stock) and 41,813,933 shares in treasury.