Kyoritsu Electric Corp. (JASDAQ:6874) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 2.48% of total outstanding shares (excluding treasury shares) for ¥140 million.

The purpose of repurchase is to implement a flexible capital policy which responds to changes in the business environment. The company will make repurchases on the provision of articles of incorporation from the regulations of Article 165 paragraph 2 of Japan's Corporate Law. The repurchase program is valid till June 30, 2014.

As of August 9, 2013, the company has 4,033,375 shares outstanding (excluding treasury shares) and 335,825 shares were held under treasury.