CMIC HOLDINGS Co., Ltd. (TSE:2309) announces a share repurchase program. Under the program, the company will repurchase up to 730,000 shares, representing 4.13% of its share capital, for ¥1,200 million. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment.

The share repurchase program will run until September 29, 2023. As of November 8, 2022, the company had 17,680,652 shares outstanding (excluding treasury shares) and 1,242,917 shares in treasury.