Nippon Pillar Packing Co., Ltd. (TSE:6490) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.23% of its share capital, for ¥350 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, and as part of shareholder returns. The share repurchase program will run until March 31, 2020. As of June 30, 2019, the company had 24,447,245 shares outstanding (excluding treasury shares) and 595,161 shares in treasury.