Nihon Seikan k.k. (TSE:5905) announces a share repurchase program. Under the program, the company will repurchase 10,000 shares, representing 0.74% of its share capital, for ¥13 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. The program will run until December 30, 2019. As of September 30, 2019, the company had 1,359,258 shares outstanding (excluding treasury shares) and 32,742 shares in treasury.