NOF Corporation (TSE:4403) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares, representing 1.11% of the outstanding shares for ¥4,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, as well as to enable flexible execution of capital policies in response to changes in the business environment.

The program will run until June 30, 2023. As of January 31, 2023, the company had 81,088,039 shares outstanding (excluding treasury stock) and 1,753,337 shares in treasury.