Kuribayashi Steamship Co., Ltd. (TSE:9171) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.78% of its issued share capital (excluding treasury stock), for a total purchase price of ¥68.1 million. The shares will be repurchased at a price of ¥681 per share.

The purpose of the program is to implement flexible capital policies in response to changes in the business environment. As of July 14, 2023, the company had 12,738,902 issued shares (excluding treasury stock) and had 794 treasury shares.