Nippon Electric Glass Co., Ltd. (TSE:5214) announces a share repurchase program. Under the program, the company will repurchase up to 8,000,000 shares, representing 8.60% of its issued share capital for ¥20,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program is valid till February 29, 2024. As of September 30, 2023, the company had 93,054,725 shares issued (excluding treasury stock) and 6,468,521 shares in treasury.