Nippon Felt Co., Ltd. (TSE:3512) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 1.57% of the outstanding shares for ¥200 million. The purpose of the program is to improve capital efficiency and shareholder returns.

The program will run until February 28, 2022. As of May 31, 2021, the company had 19,842,089 shares outstanding and 788,951 shares in treasury.