Yuasa Funashoku Co., Ltd. (TSE:8006) announces a share repurchase program. Under the program, the company will repurchase up to 90,000 shares, representing 2% of its issued share capital (excluding treasury stock), for ¥311.85 million. The shares will be repurchased at a price of ¥3,465 per share.

The purpose of the program is to enable flexible capital policy implementation in response to changes in the business environment. The program will run until March 15, 2024. As of February 29, 2024, the company had 4,492,962 shares in issue (excluding treasury stock) and 404,761 shares in treasury.