Nifco Inc. (TSE:7988) announces a share repurchase program. Under the program, the company will repurchase up to 290,000 shares, representing 0.29% 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 fiscal policy according to the business environment.

The program will continue through March 31, 2022. As of end of January 2022, the company had 100,917,784 issued shares (excluding treasury stock) and 6,591,170 treasury shares.