Kyowa Electronic Instruments Co., Ltd. (TSE:6853) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.09% of its total shares outstanding (excluding treasury shares), for a total of ¥100 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns.

The repurchased shares will be cancelled. The repurchase program is valid till December 23, 2022. As of September 30, 2022, the company had 27,621,941 shares outstanding (excluding treasury shares) and had 436,859 shares in treasury.