Nakanishi Mfg. Co., Ltd. (TSE:5941) announces a share repurchase program. Under the program, the company will repurchase up to 30,000 shares, representing 0.48% of its issued share capital (excluding treasury stock), for ¥60 million.

The purpose of the program is to to apply it to the restricted stock to be delivered to the Eligible Directors after the introduction of the system over multiple years. The program will run until December 31, 2023. As of March 31, 2023, the company had 6,302,371 shares in issue (excluding treasury stock) and 3,629 shares in treasury.