Nichiha Corporation (TSE:7943) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 4.51% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to enhancing shareholder returns and improving capital efficiency, implement flexible capital policies in response to changes in the business environment.

As of March 31, 2024, the company has 35,438,933 issued shares (excluding treasury stock) and 1,885,331 treasury shares.