Nitto Kohki Co., Ltd. (TSE:6151) announces a share repurchase program. Under the program, the company will repurchase 800,000 shares, representing 3.94% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy.

The program will run until February 1, 2024. As of December 31, 2022, the company had 20,288,899 shares outstanding (excluding treasury shares) and 1,514,396 shares in treasury.