Kohnan Shoji plans share buyback and increased dividends

Kohnan Shoji (TSE:7516) announced a series of strategic initiatives aimed at boosting shareholder value and achieving sustained growth beyond its current fiscal year. The company's board has approved a share buyback program, authorizing the acquisition of up to 650,000 of its own shares for a total investment of up to JPY2,000 million between April 14, 2025, and October 31, 2025. Additionally, Kohnan Shoji will acquire 237,900 of its own shares held by subsidiary Home Improvement Hirose. These shares will have a value of JPY 867,145,500. To underscore its commitment to shareholder returns, Kohnan Shoji projects an increased annual dividend of JPY 130 per share for fiscal year 2026.