Nicca Chemical Co.,Ltd. (NSE:4463) announces a share repurchase program. Under the program, the company will repurchase up to 1,900,000 shares, representing 10.8% of its common stock. The shares will be purchased at a purchase price of ¥743 per share, the closing price of May 20, 2015 for a total of ¥1,500 million.

The shares will be repurchased on the Nagoya Stock Exchange off-floor treasury share trading (N-NET3). The purpose of the program is to implement a flexible capital policy in response to the changes in the business environment.