KOMATSU MATERE Co.,Ltd. (TSE:3580) announces a share repurchase program. Under the program, the company will repurchase up to 2,150,000 shares, representing 5.09% of its issued share capital for ¥2,500 million. The purpose of the program is to improve capital efficiency, further return profits to shareholders, and implement a flexible capital policy in response to changes in the business environment.

The program is valid till June 30, 2022. As of September 30, 2021, the company had 42,269,756 shares issued (excluding treasury stock) and 871,243 shares in treasury.