Daiko Denshi Tsushin, Ltd. (TSE:8023) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 3.66% of its share capital, for ¥250 million. The purpose of the program is to enhance the return of profits to shareholders by improving capital efficiency.

The program will expire on November 15, 2022. As of March 31, 2022, the company had 13,645,221 shares in issue (excluding treasury stock) and 223,187 shares in treasury.