Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase 450,000 shares, representing 1.94% of the outstanding shares for ¥1,000 million. The purpose of the program is to improve capital efficiency such as ROE, implementing flexible capital policies in response to changes in the business environment, and enhancing return of profits to shareholders.

The program will run until July 31, 2024. As of May 17, 2024, the company had 23,212,680 shares outstanding (excluding treasury stock) and 4,018,577 shares in treasury.