Nippon Rietec Co.,Ltd. (TSE:1938) announces a share repurchase program. Under the program, the company will repurchase up to 240,000 shares, representing 0.95% of its issued share capital, for ¥ 210.48 million. The shares will be repurchased at a price of ¥ 877 per share.

The purpose of the program is to improve capital efficiency and enhance flexible shareholder returns in response to changes in the business environment. As of January 31, 2023, the company had 25,151,252 shares (excluding treasury stock) issued and 466,465 shares in treasury.