Nihon Kogyo Co., Ltd. (JASDAQ:5279) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.69% of its outstanding shares excluding treasury shares for ¥16.1 million. The shares will be repurchased at the closing stock price of ¥161 per share as on February 1, 2016 on the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3).

The purpose of the program is to implement a flexible capital policy in response to the changes in the business environment. As of December 31, 2015, the company had 14,583,204 outstanding shares excluding treasury shares and 737,796 shares in treasury.