Nagoya Lumber Co., Ltd. (NSE:7903) announces a share repurchase program. Under the program, the company will repurchase 10,000 shares, representing 2.75% of the outstanding shares for ¥20 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until January 10, 2020. As of July 11, 2019, the company had 364,119 shares outstanding and 35,881 shares in treasury.