Nippon Fine Chemical Co., Ltd. (TSE:4362) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 1.53% of its issued share capital, for ¥1,000 million. The purpose of the program is to improve capital efficiency and to enable the execution of a flexible capital policy.

The program will be valid till March 29, 2024. As of March 31, 2023, the company had 22,809,097 issued shares (excluding treasury stock) and 2,563,352 treasury shares.