Waida Mfg. Co., Ltd. (TSE:6158) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 3.02% of its issued share capital, for ¥150 million.

The company is repurchasing its shares to improve capital efficiency and implement a flexible capital policy through the acquisition of treasury shares. The repurchases will continue until March 20, 2014. As of January 31, 2014, the company had 6,628,706 shares (treasury shares excluded) and 399,294 shares in treasury.