Nakakita Seisakusho Co., Ltd. (TSE:6496) announces an share repurchase program. Under the program the company will repurchase 50,000 shares, representing 1.40% of its issued share capital, for ¥122.75 million. The shares will be repurchased at a price of ¥2,455 per share.

The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of June 30, 2023, the company had 3,571,113 issued shares (excluding treasury stock) and 261,687 shares in treasury.