Nippon Avionics Co., Ltd. (TSE:6946) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 2.35% of its share capital, for ¥300 million.The purpose of the program is to increase capital efficiency and improve corporate value. rice field.

The program will expire on March 31, 2024. As of March 31, 2023, the company had 3,186,695 shares in issue (excluding treasury stock) and 4,467 shares in treasury.