Nippon Parking Development Authorises 1 Billion Yen Buyback

Nippon Parking Development has authorised a share repurchase programme capped at 1 Billion Yen (1.28% of issued shares excluding treasury).

Acquisitions will be conducted via on-market purchases on the Tokyo Stock Exchange.

Nippon Parking Development cited strengthening shareholder returns and improving capital efficiency as the rationale for the action.