Nippon Information Development Co., Ltd. (TSE:2349) announces a share repurchase program. Under the program, the company will repurchase 190,000 shares, representing 1.71% of its share capital for ¥303.81 million. The shares will be repurchased at a price of ¥1,599 per share.

The company will repurchase its shares in order to enhance shareholder returns and implement a flexible capital policy that responds to changes in the business environment. As of March 31, 2023, the company had 11,105,637 shares outstanding (excluding treasury shares) and 2,003,853 shares in treasury.