Nippon Thompson Co., Ltd. (TSE:6480) announces a share repurchase program. Under the program, the company will repurchase 2,176,700 shares, representing 3% of the outstanding shares for ¥2,200 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder profits by enhancing capital efficiency.

The program will run until March 29, 2024. As of March 31, 2023, the company had 72,557,513 shares outstanding and 943,912 shares in treasury.