Niterra Co., Ltd. (TSE:5334) announces a share repurchase program. Under the program, the company will repurchase up to 9,500,000 shares, representing 4.66% of its issued share capital (excluding treasury stock), for a total purchase price of ¥20,000 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy for the company.

The program will continue until July 31, 2024. As of June 30, 2023, the company had 203,848,943 issued shares (excluding treasury stock) and 326,377 treasury shares.