Nichiwa Sangyo Co., Ltd. (TSE:2055) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 6.21% of its issued share capital, for ¥426 million. The shares will repurchased at a purchase price of ¥355 per share.

The shares will be repurchased as part of a flexible capital policy that responds to changes in the business environment. As of September 30, 2021, the company had 19,311,948 issued shares (excluding treasury stock) and 1,518,877 treasury shares.