AOI Electronics Co., Ltd. (TSE:6832) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 8.33% of its share capital, for ¥2,449 million. The shares will be repurchased at a price of ¥2,449 per share.

The purpose of the program is to improve capital efficiency and implement flexible capital policies in response to changes in the business environment. The program will expire on March 15, 2024. As of September 30, 2023, the company had 11,999,025 shares in issue (excluding treasury stock) and 975 shares in treasury.