Nakabayashi Co., Ltd. (TSE:7987) announces a share repurchase program. Under the program, the company will repurchase up to 280,000 shares at a price of ¥500 per share, representing 1.08% of its issued share capital (excluding treasury stock), for a total purchase price of ¥140 million. The purpose of the program is to improve shareholder value and implement agile capital policies that respond to changes in the business environment.

As of February 28, 2022, the company had 25,838,482 issued shares (excluding treasury stock) and 2,955,812 treasury shares.