Toyo Denki Seizo K.K. (TSE:6505) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3.18% of its issued share capital, for ¥300 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will be valid till January 10, 2025. As of November 30, 2023, the company has 9,432,747 issued shares (excluding treasury stock) and 302,253 treasury shares.