Kowa Co.,Ltd. (TSE:7807) announces a share repurchase program. Under the program, the company will repurchase up to 135,000 shares, representing 2.78% of its issued share capital (excluding treasury stock), for ¥121.5 million. The purpose of the program is to enable the execution of flexible capital policies in response to changes in the business environment.

The program will run until January 31, 2024. As of February 15, 2023, the company had 4,851,684 shares in issue (excluding treasury stock) and 135,106 shares in treasury.