Nippon Tungsten Co., Ltd. (TSE:6998) announces a share repurchase program. Under the program, the company will repurchase up to 23,376 shares from the untraceable shareholders. The shares will be repurchased at the closing share price of the shares as on the Tokyo Stock Exchange on the date of the repurchase.

However, if there is no trading on the day concerned, the first established trading price in the Tokyo Stock Exchange after the day concerned will be taken into consideration. The shares will be repurchased pursuant to the provisions of Article 197, item 3 and 4 of the Company Law. The repurchases will be made on May 14, 2014.