Nippon Beet Sugar Manufacturing Co.,Ltd. (TSE:2108) announces a share repurchase program. Under the program, the company will repurchase up to 530,000 shares, representing 3.78% of its issued share capital (excluding treasury stock), at ¥1,702 per share, for ¥902.06 million. The purpose of the program is to enable agile capital policy execution in response to changes in the business environment.

The program will run until February 25, 2022. As of January 31, 2022, the company had 14,016,752 shares in issue (excluding treasury stock) and 1,308,890 shares in treasury.