Inaba Denki Sangyo Co.,Ltd. (TSE:9934) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 0.45% of its share capital, for ¥882.5 million. The shares will be repurchased at a price of ¥3,530 per share.

The company will repurchase its shares in order to return profits to shareholders. As of January 31, 2024, the company had 55,995,609 shares outstanding (excluding treasury shares) and 423,391 shares in treasury.