Nifco Inc. (TSE:7988) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 0.55% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of repurchase program is to improve capital efficiency and enable flexible financial policy according to the business environment.

The repurchase program is valid till April 30, 2024. As of February 29, 2024, the company had 99,776,985 shares outstanding excluding treasury shares and had 480,068 shares in treasury.