Kurimoto,Ltd. (TSE:5602) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 2.45% of its share capital, for ¥700 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, and enhance shareholder returns.

The program will run until December 22, 2023. As of July 31, 2023, the company had 12,251,708 shares outstanding (excluding treasury shares) and 846,782 shares in treasury.