Teikoku Tsushin Kogyo Co., Ltd. (TSE:6763) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 3.55% of its share capital, for ¥500 million. The purpose of the program is to further improve capital efficiency and shareholder returns.

The program will expire on December 22, 2023. As of July 31, 2023, the company had 9,856,107 shares in issue (excluding treasury stock) and 285,726 shares in treasury.