Nifco Inc. (TSE:7988) announces a share repurchase program. Under the program, the company will repurchase up to 280,000 shares, representing 0.28% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to improve capital efficiency and enable flexible financial policies in response to the business environment.

The program will continue through April 30, 2023. As of end of February 2023, the company had 100,462,957 issued shares (excluding treasury stock) and 7,045,997 treasury shares.