Nippon Tungsten Co., Ltd. (TSE:6998) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 2.24% of its total shares outstanding excluding treasury shares for ¥110 million. The purpose of the repurchase program is to implement a flexible capital policy corresponding to changes in the business environment.

The share repurchase program is valid until March 31, 2016. As of January 31, 2016, the company had 24,555,045 shares outstanding excluding treasury shares and had 1,222,555 shares in treasury.