Kumagai Gumi Co.,Ltd. (TSE:1861) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares, representing 2.1% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of the program is to enhance shareholder return and to improve capital efficiency.

The program will continue through October 31, 2023. As of April 30, 2023, the company had 43,837,415 issued shares (excluding treasury stock) and 62,945 treasury shares.