Sukegawa Electric Co., Ltd. (JASDAQ:7711) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 4,74% of outstanding shares (treasury shares excluded) at a purchase price of ¥600 per share for a total of ¥180 million. Shares will be repurchased through Off-auction Own Share Repurchase trading method on Tokyo Stock Exchange.

The shares will be repurchased in order to enable the implementation of a flexible capital policy corresponding to changes in the business environment. As of February 15, 2015, the company has 6,322,987 outstanding shares (treasury shares excluded) and 387,013 shares were held under treasury.