KING Co., Ltd. (TSE:8118) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 4.22% of its share capital for ¥300 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy corresponding to changes in the business environment along with improving capital efficiency.

As of November 7, 2022, the company had 16,579,993 shares issued (excluding treasury stock) and 8,191,568 shares in treasury.