Nippon Shindo Co., Ltd. (TSE:5753) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 6.8% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to acquire treasury stock for the purpose of returning profits to shareholders, improving capital efficiency, and implementing agile capital policies according to the business environment.

The program will be valid till May 22, 2023. As of April 30, 2022, the company had 2,207,063 issued shares (excluding treasury stock) and 162,937 treasury shares.