Osaki Electric Co., Ltd. (TSE:6644) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 5.09% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,500 million. The purpose of the program is to strengthen shareholder returns by improving capital efficiency.

The program will run until February 1, 2023. As of December 31, 2021, the company had 49,141,233 issued shares (excluding treasury stock) and 125,947 treasury shares.