Nichiryoku Co.,Ltd. (JASDAQ:7578) announces a share repurchase program. Under the program, the company will repurchase 90,000 shares, representing 7.2% of its share capital, at ¥968 per share for ¥87.12 million. The company will repurchase its shares in order to alleviate the impact on the stock market of the dissolution of its capital alliance with Sun-Life Holding Co.,Ltd. (JASDAQ:7040), and to implement capital policies that respond to changes in the business environment and market environment. As of October 31, 2019, the company had 1,249,521 shares outstanding (excluding treasury shares) and 124,580 shares in treasury.