Nippon Pillar Packing Co., Ltd. (TSE:6490) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 1.26% of the outstanding shares for ¥300 million. The purpose of the program is to implement a agile capital policy in response to changes in the business environment and to repurchase shares as part of shareholder returns. The program will run until March 31, 2021. As of October 31, 2020, the company had 23,823,183 shares outstanding and 1,219,223 shares in treasury.