Kuraudia Co. Ltd. (TSE:3607) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 5.45% of its outstanding share capital (excluding treasury shares), for a total cost of up to ¥307 million at a fixed price of ¥614 per share, which is the closing price of the shares on April 8, 2015.

Repurchases will be made via Off-Auction Own Share Repurchase Trading (ToSTNeT-3) of the Tokyo Stock Exchange. The purpose of the repurchase program is to pursue a flexible capital strategy to increase the company's capital's effectiveness and to be able to respond to future changes in the business world. As of March 31, 2015, the company has 9,166,298 outstanding shares (excluding treasury shares) and 522,902 shares held in treasury.