Seikitokyu Kogyo Co., Ltd. (TSE:1898) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 3.21% of its issued share capital (excluding treasury stock), for a total purchase price of ¥800 million. The purpose of the program is to expand expand shareholder returns and improve capital efficiency based on the shareholder return policy in the Medium-Term Management Plan (FY2021-2023).

The program will be valid till March 20, 2023. As of March 31, 2022, the company had 37,417,498 issued shares (excluding treasury stock) and 2,996,909 treasury shares.