Fuji Electric Industry Co., Ltd. (TSE:6654) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 3.48% of its issued shares, for total worth of ¥232.8 million. The shares will be repurchased at a price of ¥1,164 per share.

The purpose of the share repurchases is to enable flexible capital policy implementation in response to changes in the business environment. As of May 31, 2022, the company had 5,747,070 shares are in issue and 921,930 shares are in treasury.