Nippon Dry-Chemical Co., Ltd. (TSE:1909) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 2.9% of the outstanding shares for ¥400 million. The purpose of the program is to return profits to shareholders and implement flexible capital policies in response to changes in the business environment.

The program will run until July 31, 2024. As of July 31, 2023, the company had 6,901,165 shares in issue (excluding treasury stock) and 280,647 shares in treasury.