Kitano Construction Corp. (TSE:1866) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 6.73% of its total shares outstanding (excluding treasury shares), for a total of ¥1,200 million.

The purpose of repurchase program is to implement a flexible capital policy that responds to changes in the business environment. The program is valid till March 29, 2024. As of February 28, 2023, the company had 5,945,155 shares outstanding (excluding treasury shares) and had 891,698 shares in treasury.