Chino Corporation (TSE:6850) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.17% of its share capital, for ¥130 million. The company is repurchasing its shares through market purchases in Tokyo Stock Exchange. The company will repurchase its shares in order to enable the implementation of a flexible capital policy which respond to changes in the business environment, along with aiming to return profits to all shareholders through the improvement of capital efficiency. The share repurchase program will run until May 31, 2017. As of November 30, 2016, the company had 8,574,379 shares outstanding excluding treasury shares, and 985,737 shares in treasury.