Nichireki Co., Ltd. (TSE:5011) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 3.27% of its issued share capital, for ¥1,800 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to the changes in the business environment to enhance shareholder returns and improve capital efficiency.

The program will be valid till February 29, 2024. As of January 31, 2023, the company had 30,568,448 shares issued (excluding treasury stock) and 1,117,507 shares in treasury stock.