Nippon Concrete Industries Co., Ltd. (TSE:5269) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 3.53% of the outstanding shares for ¥600 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and return gains to shareholders.

The program will run until August 31, 2022. As of November 30, 2021, the company had 56,658,495 shares outstanding and 1,118,937 shares in treasury.