NAGAWA Co., Ltd. (TSE:9663) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 1.02% of its issued share capital, for ¥1,193.6 million. The shares will be repurchased at a price of ¥ 7,460 per share.

The purpose of the program is to enhance shareholder returns and improve capital efficiency, and implement flexible capital policies in response to changes in the business environment. As of December 31, 2023, the company had 15,719,907 shares in issue and 637,307 shares in treasury.