Nichiban Co., Ltd. (TSE:4218) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 0.58% of its issued share capital (excluding treasury stock), for ¥240 million. The purpose of the program is to carry out a flexible capital policy that responds to changes in the business environment.

The program will run until November 30, 2022. As of September 30, 2022, the company had 20,721,159 shares in issue (excluding treasury stock) and 16,847 shares in treasury.