Nippon Kanryu Industry Co., Ltd. (FKSE:1771) announces a share repurchase program. Under the program, the company will repurchase up to 92,000 shares, representing 1.8% of its issued share capital (excluding treasury stock), for a total purchase price of ¥51.8 million. The shares will be repurchased at a price of ¥563 per share.

The purpose of the program is to implement flexible capital policies that responds to changes in the business environment. As of September 30, 2022, the company had 5,102,000 issued shares (excluding treasury stock) and had 61,795 treasury shares.