Kokusai Electric Corporation (TSE:6525) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 0.14% of its issued share capital (excluding treasury stock), for 18,000 million. The purpose of the program is to enhance shareholder return and also to mitigate the impact on the supply and demand of its common stock as a result of carrying out a secondary offering of shares of common stock of the Company.

The program will run until September 20, 2024. As of June 30, 2024, the company had 235,311,139 shares in issue (excluding treasury stock) and 0 shares in treasury.