Tenpo Innovation CO.,LTD. (TSE:3484) announces a share repurchase program. Under the program, the company will repurchase up to 650,000 shares, representing 3.65% of its issued share capital (excluding treasury stock), for a total purchase price of ¥806 million. The shares will be repurchased at a price of ¥1,240 per share.

The purpose of the program is to improve capital efficiency and enable flexible execution of capital policy. As of December 31, 2022, the company had 17,823,886 (excluding treasury stock) and 514 treasury shares.