Nishimatsuya Chain Co., Ltd. (TSE:7545) announces a share repurchase program. Under the program, the company will repurchase up to 227,000 shares, representing 0.38% of its total shares outstanding (excluding treasury shares), for a total of ¥300 million. The purpose of repurchase program is to implement flexible capital policies in response to changes in the business environment and return profits to shareholders.

The repurchase program is valid till October 13, 2023. As of August 20, 2023, the company had 60,037,375 shares outstanding (excluding treasury shares) and had 9,551,481 shares in treasury.