Nichiha Corporation (TSE:7943) announces a share repurchase program. Under the program, the company will repurchase up to 650,000 shares, representing 1.80% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,936.35 million. The shares will be repurchased at a price of ¥2,979 per share.

The purpose of the program is to enhancing shareholder returns and improving capital efficiency, implement flexible capital policies in response to changes in the business environment.. As of December 31, 2023, the company has 36,022,254 issued shares (excluding treasury stock) and 1,302,010 treasury shares.