Nippon RAD Inc. (TSE:4736) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 3.78% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, and implement a flexible capital policy that responds to the business environment.

The program will continue through March 31, 2023. As of October 31, 2022, the company has 5,285,834 issued shares (excluding treasury stock) and 69,556 treasury shares.