Kyowa Electronic Instruments Co., Ltd. (TSE:6853) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 1,43% of the outstanding shares, at ¥402 per share for up to ¥160.8 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of September 30, 2018, the company had 28,011,031 shares outstanding and 47,769 shares in treasury.