Kyowa Leather Cloth Co., Ltd. (TSE:3553) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.66% of its issued share capital (excluding treasury stock), for ¥210 million. The purpose of the program is to improve shareholder returns, improve capital efficiency, and implement flexible capital policies in response to changes in the business environment.

The program will run until July 31, 2024. As of March 31, 2024, the company had 24,098,242 shares in issue (excluding treasury stock) and 401,758 shares in treasury.