Kimoto Co., Ltd. (TSE:7908) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 2.03% of its share capital, for ¥204 million. The company will repurchase its shares in order to improve capital efficiency, along with aiming to enhance shareholder returns. The program will run until February 28, 2020. As of September 30, 2019, the company had 49,150,446 shares outstanding (excluding treasury shares) and 5,622,118 shares in treasury.