NSK Ltd. (TSE:6471) announces a share repurchase program. Under the program, the company will repurchase up to 25,000,000 shares, representing 4.8% of its issued share capital (excluding treasury stock), for ¥22,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

If the company continues to hold treasury stock with no expected use, they will cancel the treasury stock at an appropriate time. The program will run until June 30, 2023. As of March 31, 2023, the company had 521,278,795 shares in issue (excluding treasury stock) and 29,989,309 shares in treasury.