JVCKENWOOD Corporation (TSE:6632) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,000 shares, representing 2.90% of its total shares outstanding (excluding treasury shares), for a total of ¥2.500 million. The purpose of repurchase program is to increase the flexibility of capital utilization, to improve shareholder returns and capital efficiency and return on equity of the parent company, increase earnings per share.

The repurchase program is valid till December 29, 2023. As of September 30, 2023, the company had 155,567,697 shares outstanding (excluding treasury shares) and had 8,432,504 shares in treasury.