Nippon Filcon Co., Ltd. (TSE:5942) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 3.33% of its issued share capital for a total purchase price of ¥309.4 million. The shares will be repurchased at a price of ¥442 per share.

The purpose of the program is to carry out capital policies in response to changes in the business environment. The program will expire on January 16, 2023. As of November 30, 2022, the company had 21,006,505 issued shares (excluding treasury stock) and 1,160,706 treasury shares.