Nippon Express Holdings,Inc. (TSE:9147) announces a share repurchase program. Under the program, the company will repurchase 1,600,000 shares, representing 1.79% of its share capital, for ¥10,000 million. The company will repurchase its shares in order to return profits to shareholders and improve capital efficiency.

The program will run until August 31, 2023. As of March 31, 2023, the company had 89,268,312 shares outstanding (excluding treasury shares) and 1,330,913 shares in treasury.