Nippon Seisen Co., Ltd. (TSE:5659) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 6.18% of its outstanding shares for ¥1,200 million. The purpose of the program is to implement a flexible capital policy corresponding to changes in the business environment.

The program will continue until March 31, 2016. As of December 31, 2015, the company had 32,364,477 outstanding shares excluding treasury shares and 96,991 shares in treasury.