Kunimine Industries Co., Ltd. (TSE:5388) announces a share repurchase program. Under the program, the company will repurchase 450,000 shares, representing 3.51% of the outstanding shares, for ¥360 million. The purpose of the program is to o improve capital efficiency by executing a flexible capital policy, comprehensively considering our stock price level, cash on hand, business environment, etc.

The program is valid till March 31, 2023. As of September 30, 2022, the company had 12,804,605 shares outstanding and 1,645,395 shares in treasury.