Nippon Ceramic Co., Ltd. (TSE:6929) announces a share repurchase program. Under the program, the company will repurchase 900,000 shares, representing 3.69% of the outstanding shares for ¥2,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, enhance capital efficiency and improve shareholder returns.

The program will run until January 31, 2023. As of July 31, 2022, the company had 24,372,226 shares outstanding and 2,859,031 shares in treasury.