Kyokuyo Co., Ltd. (TSE:1301) announces a share repurchase program. Under the program, the company will repurchase up to 45,000 shares, representing 0.42% of its issued share capital (excluding treasury stock), for a total purchase price of ¥150 million. The purpose of the program is to enable agile capital policies that respond to changes in the business environment.

The program will continue through August 31, 2022. As of March 31, 2022, the company had 10,808,822 issued shares (excluding treasury stock) and 119,461 treasury shares.