The Japan Wool Textile Co., Ltd. (TSE:3201) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 1.38% of its share capital, for ¥1,250 million. The company will repurchase its shares in order to improve capital efficiency and ultimately maximize corporate value and shareholder value. The program will run until November 30, 2020. As of December 31, 2019, the company had 72,726,884 shares outstanding (excluding treasury shares) and 13,751,974 shares in treasury.