Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 1.7% of the outstanding shares for ¥1,000 million. The purpose of the program is to carry out flexible capital policies in response to changes in the business environment and to enhance the return of profits to shareholders.

The program will run until June 28, 2024. As of February 29, 2024, the company had 23,591,776 shares outstanding and 3,639,481 shares in treasury.