NANYO Corporation (TSE:7417) announces a share repurchase program. Under the program, the company will repurchase up to 154,000 shares, representing 2.41% of its issued share capital (excluding treasury stock), for ¥374.07 million. The shares will be repurchased at a price of ¥2,429 per share.

The purpose of the program is to improve capital efficiency and enable flexible capital policy implementation in response to changes in the business environment. The program will run until February 20, 2024. As of September 30, 2023, the company had 6,384,519 shares in issue (excluding treasury stock) and 230,551 shares in treasury.