Bull-Dog Sauce Co., Ltd. (TSE:2804) announces a share repurchase program. Under the program, the company will repurchase up to 65,000 shares, representing 0.94% of its share capital, at ¥2,132 per share for ¥138.58 million in total. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The company will repurchase its shares in order to enable the implementation of a flexible and efficient capital policy which responds to changes in the business environment. As of December 31, 2016, the company had 6,927,015 shares outstanding excluding treasury shares, and 50,425 shares in treasury.