Inaba Seisakusho Co., Ltd. (TSE:3421) announces an share repurchase program. Under the program the company will repurchase 500,000 shares, representing 3% of the outstanding shares, at ¥1,500 per share for ¥750 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

As of January 31, 2024, the company had 16,691,393 shares outstanding and 331,036 shares in treasury.