Elecom Co., Ltd. (TSE:6750) announces a share repurchase program. Under the program, the company will repurchase up to 5,887,200 shares, representing 7.21% of its share capital, for ¥7,706.34 million. The shares will be repurchased at ¥1,309 per share.

The company will repurchase up to 5,352,000 shares, representing 6.55% of its share capital from Justin, Inc. The company will repurchase its shares in order to implement flexible capital policies that respond to changes in the business environment. If the offer is oversubscribed the company may repurchase up to additional 100 shares. The offer will be valid till June 20, 2024.

As of March 31, 2024, the company had 81,700,538 shares outstanding (excluding treasury shares) and 10,520,882 shares in treasury.