Coco's Japan Co., Ltd. (JASDAQ:9943) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 5.89% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. The share repurchase program will run until April 15, 2020. As of March 31, 2019, the company had 16,972,271 shares outstanding (excluding treasury shares) and 296,002 shares in treasury.