Nagaileben Co., Ltd. (TSE:7447) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 1.5% of the outstanding shares, at ¥2,578 per share for ¥1,289 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of November 12, 2019, the company had 33,252,766 shares outstanding and 4,983,234 shares in treasury.