Tsugami Corporation (TSE:6101) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 2.08% of its total shares outstanding (excluding treasury shares), for a total of ¥1,400 million. The purpose of repurchase program is to implement a flexible capital policy that responds to future changes in the business environment.

The repurchase program is valid till November 9, 2023. As of May 10, 2023, the company had 48,176,000 shares outstanding (excluding treasury shares) and had 1,824,000 shares in treasury.