Nomura Research Institute, Ltd. (TSE:4307) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 3.3% of its share capital, at ¥3,000 per share, for ¥60,000 million. The company will repurchase its shares in order to apply flexible capital policy in response to improvements in capital efficiency and changes in the business environment. The share repurchase program will run until December 30, 2021. As of March 31, 2021, the company had 606,614,051 shares outstanding (excluding treasury shares) and 3,385,949 shares in treasury.