Nippon Valqua Industries, Ltd. (TSE:7995) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.57% of its share capital, for ¥300 million. The company will repurchase its shares in order to further return profits to shareholders, and improve capital efficiency by implementing a flexible capital policy. The share repurchase program will run until May 31, 2018. As of March 31, 2018, the company had 17,668,073 shares outstanding (excluding treasury shares) and 1,020,660 shares in treasury.