KOMORI CORPORATION Komori Corporation (TSE:6349) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 2.74% of its total shares outstanding (excluding treasury shares), for a total of ¥1,500 million. The purpose of repurchase program is to improve shareholder returns and capital efficiency, and to implement a flexible capital policy that responds to the business environment.
The repurchased shares will be cancelled. The repurchase program is valid till January 31, 2024. As of March 31, 2023, the company had 54,773,760 shares outstanding (excluding treasury shares) and had 2,116,980 shares in treasury.
