Nansin Co., Ltd. (TSE:7399) announces a share repurchase program. Under the program, the company will repurchase 110,000 shares, representing 1.63% of the outstanding shares, at ¥531 per share for ¥60 million. The purpose of the program is returning profits to shareholders and improving capital efficiency.

The program will end on May 15, 2023. As of March 31, 2023, the company had 6,766,034 shares outstanding (excluding treasury stock) and 941,966 shares in treasury.