Seiwa Electric Mfg. Co., Ltd. (TSE:6748) announces a share repurchase program. Under the program, the company will repurchase up to 72,000 shares, representing 0.55% of its issued share capital (excluding treasury stock), for a total purchase price of ¥40.39 million.

The shares will be repurchased at a price of ¥561 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2023, the company has 13,148,002 issued shares (excluding treasury stock) and 90,698 treasury shares.