Kanaden Corporation (TSE:8081) announces a share repurchase program. Under the program, the company will repurchase 160,000 shares, representing 0.6% of the outstanding shares, for ¥160.32 million. The shares will be repurchased at a price of ¥1,002 per share.

The purpose of the program is to enhance capital efficiency and to improve shareholder returns. As of February 28, 2022, the company had 26,791,762 shares outstanding and 1,808,238 shares in treasury.