KYORIN Holdings, Inc. (TSE:4569) announces a share repurchase program. Under the program, the company will repurchase 18,000,000 shares, representing 24.09% of the outstanding shares, at ¥2,464 per share for ¥44,352 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of August 31, 2018, the company had 74,721,178 shares outstanding and 226,450 shares in treasury.