Kawamoto Corporation (TSE:3604) announces a share repurchase program. Under the program, the company will repurchase up to 196,000 shares, representing 3.27% of its issued share capital at a price of ¥360 per share for a total of ¥70.56 million The company will make market purchase in the Tokyo Stock Exchange. The shares will be repurchased in order to improve capital efficiency and acquire own shares as part of the flexible capital policy corresponding changes in the business environment.

The shares will be repurchased until November 28, 2014. As of September 30, 2014, the company has 5,991,777 outstanding shares (treasury shares excluded) and 8,223 shares were held under treasury.