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 4.29% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,200 million. The purpose of the program is to return profits to shareholders through improved capital efficiency and to enable us to implement a flexible capital policy that responds to changes in the business environment.

The repurchased shares will be cancelled. The program will be valid till July 31, 2023. As of October 31, 2022, the company had 18,634,685 issued shares (excluding treasury stock) and 1,805,353 treasury shares.