Kuwazawa Trading Co. Ltd. (SPSE:8104) announces a share repurchase program. Under the plan, the company will repurchase 280,000 shares at a price of ¥511 per share (the closing price of July 13, 2015) for a total of ¥143.08 million.

The shares will be purchased through off-hours treasury share trading. The shares will be repurchased in order to enable the execution of a flexible capital policy in response to changes in the business environment.