Nippon Parking Development announces share buyback and subsidiary acquisition

Nippon Parking Development (TSE:2353) announced a share buyback program and a new acquisition related to its theme park development strategy. In a board resolution dated June 27, the company approved the repurchase of up to 4,000,000 of its own shares, representing 1.25% of issued shares, at a maximum cost of JPY 1,000,000,000. The buyback will occur on the Tokyo Stock Exchange between July 17 and September 30. The action aims to improve shareholder returns and capital efficiency.