Nippon Yakin Kogyo Co., Ltd. (TSE:5480) announces a share repurchase program. Under the program, the company will repurchase up to 528,000 shares, representing 3.65% of its issued share capital (excluding treasury stock), for ¥1,850 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will run until June 21, 2024. As of March 31, 2024, the company had 14,473,820 shares in issue (excluding treasury stock) and 1,023,513 shares in treasury.