Bourbon Corporation (TSE:2208) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 1.03% of its outstanding shares excluding treasury shares for ¥420 million. The shares will be repurchased at the closing stock price of ¥1,680 per share as on October 29, 2015 on the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3).

The purpose of the program is to enable the implementation of a flexible capital policy corresponding to the changes in the business environment. As of September 30, 2015, the company had 24,261,080 outstanding shares excluding treasury shares and 3,438,920 shares in treasury.