Nissan Motor Co., Ltd. (TSE:7201) announces a share repurchase program. Under the program, the company will repurchase up to 100,242,900 shares, representing 2.51% of its issued share capital (excluding treasury stock), for a total purchase price of ¥59,484.14 million. The shares will be repurchased at a price of ¥593.40 per share.

The purpose of the program is to enhancing shareholder returns and capital efficiency whilst maintaining the necessary financial resources. The repurchased shares will be cancelled. The repurchases will be made from company's net cash position.

As of February 29, 2024, the company has 3,987,783,400 issued shares (excluding treasury stock) and 21,931,712 treasury shares.