Kyokuto Kaihatsu Kogyo Co.,Ltd. (TSE:7226) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 5.01% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,500 million. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment.

The repurchased shares will be used to improve corporate value and stock value. The program will continue through June 30, 2023. As of March 31, 2022, the company had 39,950,148 issued shares (excluding treasury stock) and 2,787,520 treasury shares.