Nippon Express Holdings,Inc. (TSE:9147) announces a share repurchase program. Under the program, the company will repurchase 1,700,000 shares, representing 1.88% of its share capital, for ¥10,000 million. The company will repurchase its shares in order to return profits to shareholders and improve capital efficiency.

The program will run until December 30, 2022. As of June 30, 2022, the company had 90,598,001 shares outstanding (excluding treasury shares) and 1,224 shares in treasury.