Nitto Kohki Co., Ltd. (TSE:6151) announces a share repurchase program. Under the program, the company will repurchase 1,300,000 shares, representing 6.58% of its share capital, for ¥2,100 million. The company will repurchase its shares in order to achieve both growth investment and shareholder returns, and to be able to further return profits to shareholders.

The program will run until October 31, 2024. As of December 31, 2023, the company had 19,763,299 shares outstanding (excluding treasury shares) and 2,039,996 shares in treasury.