Kamei Corporation (TSE:8037) announces a share repurchase program. Under the program, the company will repurchase 880,100 shares, representing 2.62% of the outstanding shares for ¥1,596.50 million. The shares will be repurchased at a price of ¥1,814 per share.

The purpose of the program is to improve shareholder value and enable the implementation of flexible capital policies in response to changes in the business environment. The shares will be repurchased from Kamei Real Estate Co., Ltd. and from other shareholders. The program will run until June 10, 2024.

As of May 13, 2024, the company had 33,600,098 shares outstanding and 3,991,871 shares in treasury.