Suzumo Machinery Company Limited (JASDAQ:6405) announces a share repurchase program. Under the program, the company will repurchase 75,000 shares, representing 1.16% of the outstanding shares for ¥122.25 million. The purpose of the program is to allot transfer-restricted shares to company employees. As of October 31, 2019, the company had 6,477,035 shares outstanding and 2,965 shares in treasury.