Nippon Carbon Co., Ltd. (TSE:5302) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 2.2% of its share capital for ¥1,000 million. The purpose of the plan is to enhance capital efficiency, improve shareholder returns and enable the implementation of a flexible capital policy.

The program will be valid until November 30, 2015. As of September 30, 2015, the company has 113,411,444 shares outstanding (treasury shares excluded) and 4,913,601 shares in treasury.