NAFCO Co., Ltd. (TSE:2790) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 7% of its issued share capital, for ¥4,000 million. The purpose of the program is toto carry out flexible capital policy in response to changes in the business environment and as part of shareholder returns.

The program will run until March 31, 2024. As of December 31, 2023, the company had 28,562,550 shares in issue (excluding treasury stock) and 1,221,850 shares in treasury.