Nitta Corporation (TSE:5186) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 0.89% of the outstanding shares for ¥900million. The purpose of the program is to enable the implementation of capital policies aimed at improving the Company's capital efficiency and enhancing shareholder returns.

The plan will be valid till May 31, 2023. As of December 31, 2022, the company had 28,040,088 shares outstanding and 2,232,415 shares in treasury.