Kinden Corporation (TSE:1944) announces a share repurchase program. Under the program, the company will repurchase 5,000,000 shares, representing 2.44% of the outstanding shares for ¥6,000 million. The purpose of the program is to implement a flexible capital policy, to improve capital efficiency and enhance shareholder value.

The program will run until January 31, 2024. As of February 28, 2023, the company had 204,971,093 shares outstanding and 169,987 shares in treasury.