Kinden Corporation (TSE:1944) announces a share repurchase program. Under the program, the company will repurchase 4,500,000 shares, representing 2.23% of the outstanding shares for ¥8,000 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 December 31, 2024. As of December 31, 2023, the company had 202,187,723 shares outstanding and 2,953,357 shares in treasury.