Nakanishi Inc. (TSE:7716) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.17% of its issued share capital, for a total purchase price of ¥2,000 million. The purpose of the program is to enhance shareholder returns and to enable performing flexible capital policies corresponding to the change in the business environment.

The repurchased shares will be cancelled. The program will continue through March 22, 2024. As of December 31, 2023, the company had 94,259,400 issued shares (excluding treasury stock) and 8,964,612 treasury shares.