Nippon Yakin Kogyo Co., Ltd. (TSE:5480) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 1.94% of its share capital, for ¥600 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. The share repurchase program will run until June 30, 2019. As of March 31, 2019, the company had 154,684,157 shares outstanding (excluding treasury shares) and 289,181 shares in treasury.