Nichirin Co Ltd. (TSE:5184) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 1.04% of its issued share capital for ¥250 million. The purpose of the program is to enhance capital efficiency and implement a flexible capital policy. The repurchase program will expire on December 31, 2019. As of June 31, 2019, the company had 14,364,650 shares outstanding and 6,850 shares in treasury.