Nippon Chemiphar Co., Ltd. (TSE:4539) announces a share repurchase program. Under the program, the company will repurchase up to 30,000 shares, representing 0.82% of its share capital, at ¥4,710 per share for ¥141.3 million. The company will repurchase its shares in order to further improve capital efficiency and shareholder returns. As of January 31, 2018, the company had 3,663,812 shares outstanding (excluding treasury shares) and 597,608 shares in treasury.