Sanwa Company Ltd. (TSE:3187) announces a share repurchase program. Under the program, the company will repurchase up to 175,200 shares, representing 1% of its issued share capital for ¥75 million. The purpose of the program is to increase the agility of future capital policies, such as by allocating funds for corporate reorganization. The program is valid till December 31, 2021. As of March 31, 2021, the company had 17,527,200 shares issued (excluding treasury stock) and 418,800 shares in treasury.