Alps Logistics Co., Ltd. (TSE:9055) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 0.28% of the outstanding shares for ¥85 million. The purpose of the program is to use the shares for transfer for the time stock options are exercised. The program will run until June 30, 2017. As of December 31, 2016, the company had 35,407,792 shares outstanding and 66,608 shares in treasury.