Nippon Piston Ring Co., Ltd. (TSE:6461) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 1.85% of the outstanding shares for ¥156.9 million. The shares will be repurchased at price of ¥1,046 per share. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of June 30, 2020, the company had 8,089,879 shares outstanding and 284,278 shares in treasury.