Noritz Corporation (TSE:5943) announces a share repurchase program. Under the program, the company will repurchase 1,100,000 shares, representing 2.3% of the outstanding shares for ¥1,400 million. The purpose of the program is to improve shareholder returns based on the shareholder policy. The program will run until December 31, 2019. As of December 31, 2018, the company had 47,810,764 shares outstanding and 2,986,887 shares in treasury.