Nippon Electric Glass has provided an update on the progress of its ongoing share repurchase program, originally authorized by its board of directors in February 2026. The initiative reflects the company’s continued focus on disciplined capital allocation and enhancing shareholder value.

According to the announcement by President Akira Kishimoto, the company repurchased a total of 524,900 common shares on the Tokyo Stock Exchange between March 1 and March 31. The total value of these transactions reached approximately JPY 3.38 billion. This activity forms part of a broader plan to acquire up to 4 million shares, with a maximum budget of JPY 20 billion, by the end of December 2026.

On a cumulative basis, as of March 31, the company has repurchased 1,259,000 shares, amounting to roughly JPY 7.91 billion. The steady pace of repurchases demonstrates the company’s commitment to executing the program in line with its stated financial strategy.