Kato Sangyo Co., Ltd. (TSE:9869) announces a share repurchase program. Under the program, the company will repurchase up to 2,717,400 shares, representing 8.08% of its issued share capital for a total of ¥10,005.47 million. The purpose of the program is to return profits to shareholders as an important management policy, and strives to improve the earning power and strengthen the financial position of the company.

The share repurchase program is valid until January 31, 2024. As of September 30, 2023, the company had 33,624,979 shares in issue (excluding treasury) and 1,375,021 shares in treasury.