Hyoki Kaiun Kaisha, Ltd. (TSE:9362) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 1.26% of the outstanding shares, at ¥169 per share for ¥25.35 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of March 31, 2017, the company had 11,869,825 shares outstanding and 370,175 shares in treasury.