Japan Aviation Electronics Industry, Limited (TSE:6807) announces a share repurchase program. Under the offer, the company will repurchase up to 25,799,906 shares, representing 28.29% of its share capital for ¥67,208.76 million. The shares will be repurchased at ¥2,605 per share.

The purpose of the program is to implement a flexible capital policy. The repurchase will be funded from company's own funds and borrowings from Nomura Capital Investment Co., Ltd. The plan will be valid till April 30,2024. As of December 31, 2023, the company had 91,188,113 shares outstanding (excluding treasury shares) and 1,114,495 shares in treasury.