Vertex Corporation (TSE:5290) announces a share repurchase program. Under the program, the company will repurchase up to 335,000 shares, representing 1.27% of its total shares outstanding (excluding treasury shares), for a total of ¥500 million. The purpose of repurchase program is to enhance shareholder returns, to improve the capital efficiency and to implement flexible capital policies in response to changes in the business environment.

The repurchase program is valid till January 31, 2024. As of September 30, 2023, the company had 26,368,995 shares outstanding (excluding treasury shares) and had 4,184,355 shares in treasury.