Nippon Crucible Co., Ltd. (TSE:5355) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 1.78% of its issued share capital (excluding treasury stock), for a total purchase price of ¥64.32 million. The shares will be repurchased at a price of ¥536 per share.

The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of May 11, 2023, the company has 6,725,745 issued shares (excluding treasury stock) and has 319,455 treasury shares.