Nitto Kogyo Corporation (TSE:6651) announces a share repurchase program. Under the program, the company will repurchase up to 2,800,000 shares, representing 6.9% for ¥4,404.4 million. The shares will be repurchased at a price of ¥1,573 per share.

The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. As of December 31, 2021, the company had 40,576,195 shares in issue (excluding treasury stock) and 2,423,805 shares in treasury.