Nihonwasou Holdings, Inc. (TSE:2499) [Company Name] announces a share repurchase program. Under the program, the company will repurchase 330,000 shares, representing 3.61% of the outstanding shares for ¥110 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. The program will run until September 30, 2019. As of December 31, 2019, the company had 9,134,000 shares outstanding and 0 shares in treasury.