Kyowa Electronic Instruments Co., Ltd. (TSE:6853) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 0.91% of its issued share capital (excluding treasury stock), for a total purchase price of ¥88.5 million. The shares will be repurchased at a price of ¥354 per share.

The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. As of August 28, 2023, the company has 27,400,101 issued shares (excluding treasury stock) and 375,799 treasury shares.