Teikoku Electric Mfg.Co.,Ltd. (TSE:6333) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 4.19% of its issued share capital (excluding treasury stock), for a total purchase price of ¥800 million. The purpose of the program is to return profits to shareholders by improving capital efficiency and to enable flexible execution of capital policies in response to changes in the business environment.

The repurchased shares will be cancelled. The program will be valid till October 31, 2022. As of December 31, 2021, the company had 19,101,662 issued shares (excluding treasury stock) and 1,338,376 treasury shares.