NDFOS Co., Ltd. (KOSDAQ:A238090) announces a share repurchase program. Under the program, the company will repurchase up to 865,800 shares. The purpose of the share repurchase program is to improve shareholder value and to stabilize the stock price. The share repurchase program is valid until June 20, 2020. As of March 19, 2020, the company had 572,881 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.