Nippon Filcon Co., Ltd. (TSE:5942) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 2.51% of its share capital (excluding treasury shares), for ¥300 million. The purpose of the program is to implement capital policy in response to changes in the business environment.

The program will run until March 29, 2024. As of November 30, 2023, the company had 19,960,180 shares outstanding (excluding treasury shares) and 2,207,031 shares in treasury.