Inaba Denki Sangyo Co.,Ltd. (TSE:9934) announces a share repurchase program. Under the program, the company will repurchase 550,000 shares, representing 1% of its total shares outstanding (excluding treasury shares), for ¥1,500 million. The company will repurchase its shares in order to return profits to shareholders.

The program will run until February 28, 2023. As of October 31, 2022, the company had 55,798,785 shares outstanding (excluding treasury shares) and had 620,215 shares in treasury.