Nichirin Co., Ltd. (TSE:5184) announces a share repurchase program. Under the program, the company will repurchase up to 175,000 shares, representing 1.28% of its issued share capital (excluding treasury stock), for ¥500 million. The purpose of the program is to improvement of capital efficiency and execution of flexible capital policy.

The program will be valid till December 31, 2023. As of June 30, 2023, the company has 13,622,058 issued shares (excluding treasury stock) and 749,442 treasury shares.