Kurabo Industries Ltd. (TSE:3106) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares, representing 5.53% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The repurchased shares will be cancelled. The program will be valid till December 31, 2022. As of March 31, 2022, the company had 19,887,776 shares outstanding (excluding treasury shares) and 868,452 shares in its treasury.