Nippon Pillar Packing Co., Ltd. (TSE:6490) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 2.11% of the outstanding shares for ¥1,000 million. The program is aimed at the implementation of a flexible capital policy that responds to changes in the business environment and returns to shareholders.

The program will run until March 31, 2023. As of October 31, 2022, the company had 23,653,013 shares outstanding and 1,389,393 shares in treasury.