Nagaileben Co., Ltd. (TSE:7447) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.57% of its issued share capital, for ¥1,000 million. The purpose of the program is to to enhance shareholder returns and implement agile capital policies in response to changes in the business environment.

The program will be valid till September 30, 2024. As of February 29, 2024, the company has 31,822,186 issued shares (excluding treasury stock) and 3,913,814 treasury shares.