A fast extraction kicker magnet for the main ring of J-PARC has been developed. A lumped constant type magnet is employed for its structural simplicity and stability in high-voltage operation. A disadvantage of the lumped constant type, a slow rise time, was alleviated by the adoption of a newly developed magnetic pulse compression system. The effectiveness of the magnetic pulse compression system in sharpening the excitation current was confirmed both by a circuit simulation and experimentally. The newly developed fast extraction kicker system was operated successfully with a 30kV charging voltage of the pulsed power supply. The required rise time of less than 1.1μs was achieved in the measurement.