Daido Signal Co., Ltd. (TSE:6743) announces a share repurchase program. Under the program, the company will repurchase up to 1,790,000 shares, representing 10.06% of its issued share capital (excluding treasury stock), for ¥1,245 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will run until September 30, 2024. As of March 31, 2024, the company had 17,790,931 shares in issue (excluding treasury stock) and 227,069 shares in treasury.