Nippon Chutetsukan K.K. (TSE:5612) announces a share repurchase program. Under the program, the company will repurchase 83,000 shares, representing 2.52% of its share capital, for ¥100 million. The company will repurchase its shares in order to return profits to shareholders and secure future capital policy options, by improving the total return ratio. The program will run until February 26, 2021. As of October 29, 2020, the company had 3,293,074 shares outstanding and 3,099 shares in treasury.