Kohnan Shoji Co., Ltd. (TSE:7516) announces an share repurchase program. Under the program the company will repurchase 2,300,000 shares, representing 6.67% of the outstanding shares, at ¥3,810 per share for ¥8,763 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. Kozo Hikida will sell a part of the company shares he owns. As of July 14, 2020, the company had 34,483,163 shares outstanding and 198,950 shares in treasury.