Kohnan Shoji Co., Ltd. (TSE:7516) announces an share repurchase program. Under the program the company will repurchase 1,000,000 shares, representing 3.18% of the outstanding shares, for ¥3,000 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and implement agile capital policies in response to changes in the business environment.

The program will expire on September 30, 2023. As of February 28, 2023, the company had 31,400,856 shares in issue (excluding treasury stock) and 3,281,257 shares in treasury.