Imasen Electric Industrial Co., Ltd. (TSE:7266) announces a share repurchase program. Under the program, the company will repurchase 1,150,000 shares, representing 5% of the outstanding shares for ¥850 million. The purpose of the program is to improve the level of profit return to shareholders and improve capital efficiency.

The program will run until November 24, 2023. As of September 30, 2022, the company had 23,018,832 shares outstanding and 456,520 shares in treasury.