Daito Electron Co., Ltd. (TSE:7609) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 0.72% of the outstanding shares, at ¥1,035 per share for ¥91 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of December 31, 2016, the company had 11,102,952 shares outstanding and 53,027 shares in treasury.