Nippon Yakin Kogyo Co., Ltd. (TSE:5480) announces a share repurchase program. Under the program, the company will repurchase up to 157,000 shares, representing 1.03% of its share capital, for ¥250 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. The share repurchase program will run until May 31, 2021. As of March 31, 2021, the company had 15,193,637 shares outstanding (excluding treasury shares) and 303,696 shares in treasury.