Hirose Electric Co.,Ltd. (TSE:6806) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 2.03% of its share capital for ¥10,000 million. The company will repurchase its shares in order to enable shareholder returns and improve capital efficiency, and to enable agile capital policy in response to changes in the business environment.

The program will be valid till February 29, 2024. As of September 30, 2023, the company has 34,433,698 shares outstanding (excluding treasury shares) and 1,816,740 shares in treasury.