Nippon Piston Ring Co., Ltd. (TSE:6461) announces a share repurchase program. Under the program, the company will repurchase 134,000 shares, representing 1.63% of the outstanding shares, at ¥1,445 per share for ¥193.63 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of September 30, 2019, the company had 8,224,086 shares outstanding and 150,071 shares in treasury.