Chuo Gyorui Co., Ltd. (TSE:8030) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares, representing 2.68% of its outstanding shares for ¥299.20 million. The shares will be repurchased at the closing stock price of ¥272 per share on the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3).

The purpose of the program is to enable the implementation of a flexible capital policy in response to the changes in the business environment. The shares will be repurchased in accordance with article 156, section 3 of the Companies Act. As of March 31, 2015, the company had 41,021,403 outstanding shares excluding treasury shares and 2,131,597 shares in treasury.