Kansai Food Market Ltd. (TSE:9919) announces a share repurchase program. Under the program, the company will repurchase up to 820,000 shares, representing 1.4% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,400 million. The shares will be repurchased at a price of ¥1,377 per share.

The purpose of the program is to improve capital efficiency and enable a flexible capital policy that responds to changes in the business environment. As of October 31, 2022, the company had 58,471,346 issued shares (excluding treasury stock) and 5,387,458 treasury shares.