Parker Corporation (TSE:9845) announces a share repurchase program. Under the program, the company will repurchase 180,000 shares, representing 0.7% of the outstanding shares, at ¥533 per share for ¥95.94 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of September 30, 2018, the company had 25,893,127 shares outstanding and 908,325 shares in treasury.