Kufu Company Inc. (TSE:4376) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.72% of its issued share capital (excluding treasury stock), for ¥850 million. The purpose of the program is to curb the dilution of shares due to the issuance of the 8th stock acquisition rights and acquire treasury stock in preparation for a flexible capital strategy in the future.

The program will run until December 31, 2022. As of April 30, 2022, the company had 58,284,931 shares in issue (excluding treasury stock) and 1,208 shares in treasury.