NICHIDEN Corporation (TSE:9902) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 3.18% of its total shares outstanding (excluding treasury shares), for a total of ¥2,500 million. The purpose of repurchase program is to implement a flexible capital policy that responds to changes in the corporate environment, to enhance shareholder returns, and to improve capital efficiency.

The repurchase program is valid till March 22, 2024. As of March 31, 2023, the company had 31,403,458 shares outstanding (excluding treasury shares) and had 482,542 shares in treasury.