Kanro Completes Share Repurchase and Announces Share Cancellation

TOKYO, Aug 03 (Pulse News Wire) – Kanro Inc. (2216.T) completed its share repurchase program on August 03, 2026, as previously announced on July 31, 2026.

The company purchased a total of 1,100,000 shares through the ToSTNeT-3 system, representing 2.61% of the outstanding shares excluding treasury stock. The total acquisition cost was ¥1.210 billion. In addition, Kanro Inc. plans to cancel 3,000,000 shares, accounting for 7.11% of the outstanding shares excluding treasury stock, scheduled for cancellation on August 31, 2026.

The decision to repurchase and cancel shares reflects the company's strategy to enhance shareholder returns and maintain flexibility in capital management. On July 31, 2026, the board of directors approved the repurchase of up to 1,100,000 shares, equivalent to 2.61% of the outstanding shares excluding treasury stock, with a budget limit of ¥1.400 billion. The results of the repurchase were disclosed at the end of trading , at 8:45 AM. Additionally, the board authorized the cancellation of up to 3,000,000 shares, making up 7.11% of the outstanding shares excluding treasury stock, also set for cancellation on August 31, 2026.