Hokuriku Electric Industry Co.,Ltd. (TSE:6989) announces a share repurchase program. Under the program, the company will repurchase up to 230,000 shares, representing 2.76% of its issued share capital (excluding treasury stock), for ¥300 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, and implement a flexible capital policy that responds to the business environment.

The program will run until December 29, 2023. As of July 31, 2023, the company had 9,250,099 shares in issue (including treasury stock) and 873,970 shares in treasury.