Nagoya Railroad Co., Ltd. (TSE:9048) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 0.08% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to apply the repurchased shares to the restricted shares to be delivered to the directors and executive officers of the company.

The program will be valid till May 31, 2022. As of March 31, 2022, the company had 196,667,167 issued shares (excluding treasury stock) and 33,525 treasury shares.