N Field Co., Ltd. (TSE:6077) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 1.89% of the shares outstanding excluding treasury shares, for a total of ¥200 million. The company will make market repurchases through trust method.

The purpose of the repurchase program is to improve shareholder returns through the implementation of a flexible capital policy in response to changes in the business environment, and the improvement of capital efficiency. Repurchases will be in accordance with the regulations of Article 156 of the Companies Act, which is applied by replacing the regulations of Article 165 Paragraph 3 of the same Act. The share repurchase program is valid until April 14, 2016.

As of February 8, 2016, the company has 13,210,000 shares outstanding excluding treasury shares and has no shares in treasury.