Nichiha Corporation (TSE:7943) announces a share repurchase program. Under the program, the company will repurchase up to 380,000 shares, representing 1.03% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The shares will be repurchased at a price of ¥2,607 per share.

The purpose of the program is to enhancing shareholder returns and improving capital efficiency, implement a flexible capital policy that responds to changes in the business environment. As of November 30, the company has 36,676,644 issued shares (excluding treasury stock) and 647,620 treasury shares.