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 4.41% of its total shares outstanding (excluding treasury shares), for a total of ¥1,600 million. The purpose of repurchase program is to return profits to shareholders by improving capital efficiency and respond to changes in the business environment, and to carry out flexible capital policies.

The repurchase program is valid till March 31, 2024. As of October 31, 2023, the company had 18,146,638 shares outstanding (excluding treasury shares) and had 843,400 shares in treasury.