Nippon Avionics Co., Ltd. (TSE:6946) announces a share repurchase program. Under the program, the company will repurchase up to 287,540 shares, representing 8.61% of its issued share capital, for ¥2,189.80 million. The shares will be repurchased at price of ¥7,613 per share.

The purpose of the program is to to enhance shareholder returns and implement agile capital policies in response to changes in the business environment. The program will be valid till June 10, 2024. As of March 31, 2024, the company has 3,338,868 issued shares (excluding treasury stock) and 14,094 treasury shares.