Nichiban Co., Ltd. (TSE:4218) announces a share repurchase program. Under the program, the company will repurchase up to 280,000 shares, representing 1.36% of its issued share capital (excluding treasury stock), for ¥530 million. The purpose of the program is to carry out a flexible capital policy that responds to changes in the business environment.

The program will run until December 28, 2023. As of September 30, 2023, the company had 20,611,583 shares in issue (excluding treasury stock) and 126,423 shares in treasury.