New Cosmos Electric Co.,Ltd. (JASDAQ:6824) announces a share repurchase program. Under the program, the company will repurchase up to 55,000 shares, representing 0.44% of its issued share capital (excluding treasury stock), for ¥108.46 million. The shares will be repurchased at a price of ¥1,972 per share.

The purpose of the program is to improve capital efficiency and enable flexible capital policy implementation in response to changes in the business environment. The program will run until March 15, 2022. As of December 31, 2021, the company had 12,387,590 shares in issue (excluding treasury stock) and 173,410 shares in treasury.