Kokusai Co., Ltd. (TSE:7722) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 1.82% of its issued share capital, for ¥117.75 million. The shares will be repurchased at a price of ¥ 471 per share.
The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. As of June 30, 2024, the company had 13,748,307 issued shares (excluding treasury stock) and 451,693 shares in treasury.
