Nichiha Corporation (TSE:7943) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 0.96% of its issued share capital, for ¥1,000 million. The purpose of the program is to enhancing shareholder returns, improving capital efficiency, and implement a flexible capital policy that responds to changes in the business environment.

The program is valid till October 31, 2023. As of June 30, 2023, the company has 36,348,734 issued shares (excluding treasury stock) and 975,530 treasury shares.