Nishikawa Rubber Co., Ltd. (TSE:5161) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 2.3% of its share capital, for ¥630 million. The purpose of the program is to improve capital efficiency and enhance the return of profits to shareholders.

The program will expire on May 27, 2022. As of March 31, 2022, the company had 19,596,306 shares in issue (excluding treasury stock) and 399,081 shares in treasury.