Inaba Denki Sangyo Co.,Ltd. (TSE:9934) announces a share repurchase program. Under the program, the company will repurchase 360,000 shares, representing 0.65% of its share capital, for ¥959.4 million. The shares will be repurchased at a price of ¥843 per share.

The company will repurchase its shares in order to return profits to shareholders. The program will run until March 1, 2022. As of January 31, 2022, the company had 55,733,319 shares outstanding (excluding treasury shares) and 685,681 shares in treasury.