Techno Ryowa Ltd. (TSE:1965) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 1.81% of its share capital, at ¥901 per share for ¥360.4 million. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. As of October 31, 2020, the company had 22,150,783 shares outstanding (excluding treasury shares) and 737,821 shares in treasury.