Kumagai Gumi Co.,Ltd. (TSE:1861) announces a share repurchase program. Under the program, the company will repurchase up to 1,850,000 shares, representing 4.08% of its issued share capital (excluding treasury stock), for a total purchase price of ¥4,000 million. The purpose of the program is to enhance shareholder return and to improve capital efficiency.

The program will continue through March 28, 2023. As of April 30, 2022, the company had 45,353,424 issued shares (excluding treasury stock) and 58,236 treasury shares.