Nitto Denko Corporation (TSE:6988) announces a share repurchase program. Under the program, the company will repurchase 9,000,000 shares, representing 5.74% of the outstanding shares for ¥50,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve total shareholder returns. The program will run until July 31, 2020. As of December 31, 2019, the company had 156,897,106 shares outstanding and 1,861,322 shares in treasury.