Carchs Holdings Co., Ltd. (TSE:7602) announces a share repurchase program. Under the program, the company will repurchase up to 2,400,000 shares, representing 11.05% of its outstanding share capital, for a total of ¥1000 million. Shares will be repurchase through market purchase in the Tokyo Stock Exchange. The purpose of the program is to strengthen shareholder returns and to implement a flexible capital policy. The share repurchase program will run until March 24, 2017. As of July 31, 2016, the company had 21,725,743 shares outstanding and 2,361,266 shares in treasury.