Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 2,800,000 shares, representing 1.69% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment.

The program will continue through September 30, 2024. As of March 31, 2024, the company had 165,870,785 issued shares (excluding treasury stock) and 4,632,785 treasury shares.