Nagaoka International Corporation (TSE:6239) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 7.09% of the outstanding shares, at ¥1,235 per share for ¥617.5 million. Hamada Group Co., Ltd. the company's controlling shareholder, is scheduled to participate as a seller in this repurchase program.

The shares will be repurchased for the purpose of allocating the shares to be delivered to employees as stock compensation. As of December 31, 2023, the company had 7,049,163 shares outstanding and 29,237 shares in treasury.