Shinwa Co., Ltd. (TSE:3447) announces a share repurchase program. Under the program, the company will repurchase up to 380,000 shares, representing 2.69% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to flexibly implement its capital policy in response to changes in the business environment and to return profits to its shareholders. The program will continue through August 31, 2021. As of March 31, 2021, the company had 14,103,000 issued shares (excluding treasury stock) and 0 treasury shares.