Nagoya Lumber Co., Ltd. (NSE:7903) announces a share repurchase program. Under the program, the company will repurchase 10,000 shares, representing 2.66% of its share capital, for ¥20 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will run until September 30, 2020. As of March 31, 2020, the company had 376,319 shares outstanding (excluding treasury shares) and 23,681 shares in treasury.