Nittan Valve Co., Ltd. (TSE:6493) announces a share repurchase program. Under the program, the company will repurchase 175,000 shares, representing 0.61% of its issued share capital for ¥46.38 million. The shares will be repurchased at a price of ¥265 per share.

The purpose of the program is to to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2022, the company had 28,866,279 issued shares and 112,581 shares in treasury.