Kamei Corporation (TSE:8037) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 1.03% of its outstanding shares excluding treasury for ¥280 million at a closing price of ¥734 per shares on August 11, 2014. The shares will be repurchased through Off Auction Own Share Repurchase Trading.

The shares will be repurchased in order order to make possible a dynamic capital policy responsive to changes in the business climate. The shares will be repurchased in accordance with article 156 in lieu of article 165, section 3 of the Companies Act. As of July 31, 2014, the company has 33,900,041 outstanding shares excluding treasury and 3,691,928 shares in treasury.