Nishimatsuya Chain Co., Ltd. (TSE:7545) announces a share repurchase program. Under the program, the company will repurchase up to 229,000 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 execute a flexible capital policy in response to changes in the business environment and to return profits to shareholders.

The repurchase program is valid till April 20, 2023. As of February 20, 2023, the company had 60,133,667 shares outstanding excluding treasury shares and had 9,455,189 shares in treasury.