Kunimine Industries Co., Ltd. (TSE:5388) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 2.40% of the outstanding shares, for ¥350 million. The purpose of the program is to improve capital efficiency and return profits to shareholders and also responding flexibly to changes in the business environment.

The program is valid till July 31, 2024. As of February 29, 2024, the company had 12,478,513 shares outstanding and 1,971,487 shares in treasury.