Hiramatsu Inc. (TSE:2764) announces a share repurchase program. Under the plan, the company will repurchase up to 1,500,000 shares, representing 4.13% of its outstanding shares excluding treasury shares, for a total of ¥1,000 million. The purpose of the repurchase program is to enhance capital efficiency, implement a flexible capital policy corresponding to changes in the business environment and return profits to shareholders. The share repurchase program will be valid till September 30, 2016. As of May 13, 2016, the company has 36,349,661 shares outstanding excluding treasury shares and has 12,254,539 shares in treasury.