Nippon Fine Chemical Co., Ltd. (TSE:4362) announces a share repurchase program. Under the program, the company will repurchase up to 950,000 shares, representing 4.02% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,184.05 million. The shares will be repurchased at a price of ¥2,299 per share.

The purpose of the program is to improve capital efficiency and to enable the execution of a flexible capital policy. As of September 30, 2022, the company had 23,630,593 issued shares (excluding treasury stock) and 1,741,854 treasury shares.