Joshin Denki Co., Ltd. (TSE:8173) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 1.30% of its issued share capital (excluding treasury stock), for a total purchase price of ¥665 million. The shares will be repurchased at a price of ¥1,900 per share.

The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. As of September 30, 2022, the company has 26,821,602 issued shares (excluding treasury stock) and 1,178,398 treasury shares.