KING Co., Ltd. (TSE:8118) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 8.5% of its share capital for ¥793.5 million. The offer price per share is ¥529.

The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. As of May 16, 2022, the company had 17,638,093 shares issued (excluding treasury stock) and 7,133,468 shares in treasury.