Naigai Tec Corporation (JASDAQ:3374) announces a share repurchase program. Under the program, the company will repurchase 55,000 shares, representing 1.87% of the outstanding shares, at ¥1,970 per share for ¥108.35 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of September 30, 2019, the company had 2,933,467 shares outstanding and 2,024 shares in treasury.