Tachikawa Corporation (TSE:7989) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.64% of its total shares outstanding (excluding treasury shares), for a total of ¥700 million. The purpose of repurchase program is to improve shareholder returns and implement a flexible capital policy that responds to changes in the business environment.

The repurchase program is valid till May 31, 2024. As of June 30, 2023, the company had 18,956,120 shares outstanding (excluding treasury shares) and had 1,807,480 shares in treasury.