KNC Laboratories Co., Ltd. (TSE:6568) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.29% of its issued share capital (excluding treasury stock), for a total purchase price of ¥111.5 million. The shares will be repurchased at a price ¥1,115 per share.

The purpose of the program is to improve capital efficiency and implementing agile capital policies in response to changes in the business environment. As of May 13, 2022, the company had 7,779,831 issued shares (excluding treasury stock) and 69 treasury shares.