Nippon Antenna Co. Ltd. (JASDAQ:6930) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.19% of its outstanding shares excluding treasury shares for ¥89.85 million. The shares will be repurchased at the stock price of ¥599 per share on the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment, enhance capital efficiency and to increase shareholders’ profits. As of May 13, 2016, the company had 12,602,670 outstanding shares excluding treasury shares and 1,697,330 shares in treasury.