Nac Co., Ltd. (TSE:9788) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 shares, representing 5.79% of its share capital, for ¥1,300 million. The shares will be repurchased at a price of ¥967 per share.

The repurchased shares will be canceled. The program will expire on May 16, 2023. As of March 31, 2023, the company had 22,471,409 shares in issue (excluding treasury stock) and 1,835,341 shares in treasury.