Yamaichi Electronics Co.,Ltd. (TSE:6941) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.93% of its issued share capital (excluding treasury stock), for ¥700 million. The purpose of the program is execution of flexible capital policy and improvement of capital efficiency in response to changes in the business environment.

The program will run until September 30, 2023. As of March 31, 2023, the company had 20,736,352 shares in issue (excluding treasury stock) and 2,593,423 shares in treasury.