Nagase Brothers Inc. (JASDAQ:9733) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 1.35% of the outstanding shares for ¥500 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until March 31, 2019. As of November 29, 2018, the company had 8,867,219 shares outstanding and 1,281,190 shares in treasury.