Nishi-Nippon Railroad Co., Ltd. (TSE:9031) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.9% of its share capital, for ¥3,000 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment and to improve capital efficiency.

The program will expire on November 29, 2024. As of March 31, 2024, the company had 79,095,903 shares in issue (excluding treasury stock) and 264,283 shares in treasury.