NARUMIYA INTERNATIONAL Co., Ltd. (TSE:9275) announces a share repurchase program. Under the program, the company will repurchase up to 305,000 shares, representing 3.01% of its issued share capital (excluding treasury stock), for a total purchase price of ¥280.60 million. The shares will be repurchased at a price of ¥920 per share.

The purpose of the program is to improve capital efficiency and implement flexible capital policy. As of February 28, 2023, the company has 10,122,708 issued shares (excluding treasury stock) and 122 treasury shares.