Kitano Construction Corp. (TSE:1866) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 4.03% of its issued share capital (excluding treasury stock), for a total purchase price of ¥600 million.

The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. The program will continue through March 17, 2023. As of July 31, 2022, the company had 6,197,365 issued shares (excluding treasury stock) and 639,488 treasury shares.