Shizuki Electric Company Inc. (TSE:6994) announces a share repurchase program. Under the program, the company will repurchase up to 7,740,000 shares, representing 23.5% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,599 million. The shares will be repurchased at a price of ¥465 per share.

The purpose of the program is to enable flexible execution capital policy in response to changes in the business environment. As of March 31, 2023, the company has 32,996,397 issued shares (excluding treasury stock) and 64,606 treasury shares.