Matsui Construction Co., Ltd. (TSE:1810) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.69% of its issued share capital, for¥350 million. The purpose of the program is to improve stock prices, enhance shareholder returns and improve capital efficiency.

The plan will be valid till September 30, 2023. As of December 31, 2022, the company had 29,620,862 issued shares (excluding treasury stock) and 959,138 treasury shares.