Godo Steel, Ltd. (TSE:5410) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 6.4% of its total shares outstanding excluding treasury shares, for a total of ¥2,500 million. The purpose of the repurchase program is to implement a flexible capital policy.

The share repurchase program is valid until December 30, 2016. As of March 31, 2016, the company had 156,352,078 shares outstanding excluding treasury shares and had 15,200,035 shares in treasury.