Shin Nippon Air Technologies Co. Ltd. (TSE:1952) announces a share repurchase program. Under the program, the company will repurchase 690,000 shares, representing 2.95% of its share capital, at ¥2,512 per share for ¥1,733.28 million.

The company will repurchase its shares in order to improve capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of August 31, 2023, the company had 23,422,544 shares outstanding (excluding treasury shares) and 859,681 shares in treasury.