Nippon Avionics Co., Ltd. (TSE:6946) announces a share repurchase program. Under the program, the company will repurchase up to 5,000 shares, representing 0.18% of its share capital, for ¥10 million. The repurchased shares will be used in transfer-restricted share compensation system for directors and executive officers.

The program will expire on May 27, 2022. As of April 30, 2022, the company had 2,830,000 shares in issue (excluding treasury stock) and 4,037 shares in treasury.