Nagoya Lumber Co., Ltd. (NSE:7903) announces an share repurchase program. Under the program the company will repurchase 10,000 shares, representing 2.66% of the outstanding shares for ¥30 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until March 31, 2021. As of August 31, 2020, the company had 375,819 shares outstanding and 24,181 shares in treasury.