K&O Energy Group Inc. (TSE:1663) announces a share repurchase program. Under the program, the company will repurchase 600,000 shares, representing 2.21% of its share capital, at ¥1,701 per share for ¥1,020.6 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment and improve shareholder value. As of January 31, 2020, the company had 27,133,709 shares outstanding (excluding treasury shares) and 3,202,352 shares in treasury.