Nippon Beet Sugar Manufacturing Co.,Ltd. (TSE:2108) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 4.67% of its issued share capital for ¥1,000 million. The purpose of the program is to Improve capital efficiency and enable flexible execution of capital policy in response to changes in the business environment.

The program will be valid till March 24, 2025. As of March 31, 2024, the company had 12,843,404 shares in issue (excluding treasury stock) and 2,482,238 shares in treasury.