Olympic Group Corporation (TSE:8289) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.73% of its issued share capital, for a total cost of up to ¥200 million. The purpose of the repurchase program is to enable the improvement of capital efficiency and the accomplishment of a flexible capital policy in response to the changes in the business environment in the future.

Repurchases will be made based on the provisions of the Articles of Incorporation by provisions of the Companies Act Article 165 Paragraph 2. The plan will continue until February 20, 2014. As of October 25, 2013, the company has 23,150,285 shares outstanding and 203,938 shares held in treasury.