Yokota Manufacturing Co., Ltd. (TSE:6248) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, representing 1.07% of its issued share capital (excluding treasury stock), for ¥22 million. The purpose of the program is to enhance shareholder value by improving profitability and enhancing shareholder returns.

The program will run until December 22, 2023. As of July 31, 2023, the company had 1,873,340 shares in issue (excluding treasury stock) and 160 shares in treasury.