KING Co., Ltd. (TSE:8118) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 1.65% of its share capital, at ¥568 per share for ¥170.4 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. As of November 6, 2019, the company had 18,235,453 shares outstanding (excluding treasury shares) and 6,536,108 shares in treasury.