Kimoto Co., Ltd. (TSE:7908) announces an share repurchase program. Under the program the company will repurchase 1,000,000 shares, representing 2.12% of the outstanding shares for ¥350 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will run until February 8, 2023. As of June 30, 2022, the company had 47,150,446 shares outstanding and 7,622,118 shares in treasury.