Sukegawa Electric Co., Ltd. (TSE:7711) announces a share repurchase program. Under the program, the company will repurchase up to 370,000 shares, representing 6.3% of its issued share capital (excluding treasury stock), for a total purchase price of ¥477.67 million. The shares will be repurchased at a price of ¥1,291 per share.

The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. As of September 30, 2022, the company had 5,868,433 issued shares (excluding treasury stock) and 1,567 treasury shares.