Nippon Rietec Co.,Ltd. (TSE:1938) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 0.88% of its issued share capital, for ¥275.66 million. The shares will be repurchased at a price of ¥ 1,253 per share.

The purpose of the program is to to improve capital efficiency and flexibly enhance shareholder returns in response to changes in the business environment. As of October 31, 2023, the company had 24,951,252 shares (excluding treasury stock) issued and 666,465 shares in treasury.