Nippon Pillar Packing Co., Ltd. (TSE:6490) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 2.07% of the outstanding shares for ¥500 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to repurchase shares as part of shareholder returns. The program will run until September 30, 2020. As of April 30, 2020, the company had 24,147,231 shares outstanding and 895,175 shares in treasury.