Nippon Kodoshi Corporation (TSE:3891) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.39% of its total shares outstanding (excluding treasury shares), for a total of ¥300 million. The purpose of repurchase program is to enhance shareholder returns and improve capital efficiency.

The repurchase program is valid till June 30, 2023. As of March 31, 2023, the company had 10,771,884 shares outstanding (excluding treasury shares) and had 181,698 shares in treasury.