Nitcho Corporation (TSE:2961) announces a share repurchase program. Under the program, the company will repurchase up to 30,000 shares, representing 2.64% of its issued share capital (excluding treasury stock), for a total purchase price of ¥88.17 million. The shares will be purchased at a purchase price of ¥2,939 per share.

The purpose of the program is to implement flexible capital policies in response to changes in the business environment. The program will continue through March 31, 2024. As of November 14, 2023, the company had 1,135,520 issued shares (excluding treasury stock) and 52 treasury shares.