Inaba Denki Sangyo Co.,Ltd. (TSE:9934) announces a share repurchase program. Under the program, the company will repurchase up to 630,000 shares, representing 1.12% of its share capital, for ¥2,000 million. The purpose of the program is to return profits to the shareholders.

The program will expire on February 29, 2024. As of October 31, 2023, the company had 56,079,609 shares in issue (excluding treasury stock) and 339,391 shares in treasury.