Joshin Denki Co., Ltd. (TSE:8173) announces a share repurchase program. Under the program, the company will repurchase up to 325,000 shares, representing 1.22% of its issued share capital (excluding treasury stock), for a total purchase price of ¥765.38 million. The shares will be repurchased at a price of ¥2,355 per share.

The purpose of the program is to improve capital efficiency and to enable the flexible execution of capital policies in line with changes in the business environment. As of November 30, 2023, the company had 26,671,551 issued shares (excluding treasury stock) and 1,328,449 treasury shares.