Kowa Co.,Ltd. (TSE:7807) announces a share repurchase program. Under the program, the company will repurchase up to 640,000 shares, representing 13.43% of its issued share capital (excluding treasury stock), for a total purchase price of ¥857.60 million. The shares will be repurchased at a price of ¥1,340 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 August 31, 2023, the company has 4,763,784 issued shares (excluding treasury stock) and 223,006 treasury shares.