Elecom Co., Ltd. (TSE:6750) announces a share repurchase program. Under the program, the company will repurchase 4,000,000 shares, representing 4.73% of the outstanding shares for ¥5,000 million. The program is aimed at of improving capital efficiency and capital policy according to the business environment.

The program will run until May 10, 2024. As of March 31, 2023, the company had 84,532,458 shares (excluding treasury stock) outstanding and 7,688,962 shares in treasury.