Futaba Industrial Co., Ltd. (TSE:7241) announces a share repurchase program. Under the program, the company will repurchase up to 230,000 shares, representing 0.26% of its issued share capital (excluding treasury stock), for a total purchase price of ¥70 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment.

The program will continue through May 23, 2022. As of March 31, 2022, the company had 89,560,650 issued shares (excluding treasury stock) and 20,177 treasury shares.