Nippon Shindo Co., Ltd. (TSE:5753) announces a share repurchase program. Under the program, the company will repurchase 15,000 shares, representing 0.64% of its share capital, for ¥30 million. The company will repurchase its shares in order to return profits to shareholders, improve capital efficiency, and implement a flexible capital policy in response to the business environment. The program will run until November 30, 2020. As of July 31, 2020, the company had 2,359,853 shares outstanding (excluding treasury shares) and 10,147 shares in treasury.