Kainos Laboratories, Inc. (JASDAQ:4556) announces a share repurchase program. Under the plan, the company will repurchase up to 300,000 shares, representing 6.74% stake for ¥210 million at a price of ¥595 per shares (closing price on August 25, 2015). The shares will be repurchased in the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3).

The purpose of repurchase program is to implement a flexible capital policy corresponding to changes in the business environment. As of June 30, 2015, the company has 4,450,844 shares outstanding excluding treasury shares and has 108,016 shares in treasury.