Nippon Techno Lab Inc. (SPSE:3849) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 6.13% of its share capital, for ¥100 million. The company will repurchase its shares in order to implement a flexible capital policy. The program will run until March 23, 2021. As of March 23, 2020, the company had 1,630,400 shares outstanding (excluding treasury shares) and 100,600 shares in treasury.