Nippon Air conditioning Services Co., Ltd. (TSE:4658) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 1.98% of its share capital, for ¥500 million. The company will repurchase its shares in order to enable the improvement of capital efficiency and implementation of a flexible capital policy in response to changes in the business environment, and to enhance shareholder returns. The program will run until July 30, 2021. As of September 30, 2020, the company had 35,361,383 shares outstanding (excluding treasury shares) and 422,617 shares in treasury.