Sukegawa Electric Co., Ltd. (JASDAQ:7711) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 1.8% of its outstanding share capital, at a price of ¥370 per share, for a total cost of ¥44.4 million. Repurchases will be made in the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3).

The purpose of the repurchase program is to enable the implementation of a flexible capital policy which responds to changes in the business environment. Repurchases will be made based on the stipulations of paragraph 3, Article 165, of Japan's Corporate Law. Repurchases will be made on November 20, 2013.

As of November 19, 2013, the company has 6,660,610 shares outstanding and 49,390 shares held in treasury.