Nittoseiko Co.,Ltd. (TSE:5957) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.06% of its total shares outstanding excluding treasury shares, for a total of ¥300 million. The purpose of repurchase program is to enhance shareholder returns, improve capital efficiency and to provide flexible resources that respond to changes in the business environment.

The repurchase program is valid till December 22, 2023. As of October 31, 2023, the company had 37,652,623 shares outstanding excluding treasury shares and had 2,332,394 shares in treasury.