Fukushima Galilei Co.Ltd. (TSE:6420) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1% of its issued share capital, for ¥1,040 million. The shares will be repurchased at a price of ¥5,200 per share.

The purpose of the program is to improve shareholder returns and capital efficiency. As of June 30, 2023, the company had 20,063,091 issued shares (excluding treasury stock) and 2,003,069 treasury shares.