Chugokukogyo Co.,Ltd. (TSE:5974) announces a share repurchase program. Under the program, the company will repurchase 118,000 shares, representing 3.46% of the outstanding shares, at ¥454 per share for ¥53.57 million. The purpose of the program is to mitigate the short-term impact on the supply and demand of the company's shares, and to enhance capital efficiency. As of September 30, 2019, the company had 3,415,243 shares outstanding and 4,757 shares in treasury.