Lobtex Co., Ltd. (TSE:5969) announces a share repurchase program. Under the program, the company will repurchase up to 35,000 shares, representing 0.37% of its outstanding shares excluding treasury shares for ¥6.93 million. The shares will be repurchased at the closing stock price of ¥198 per share as on March 23, 2016 on the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3).

The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment. As of February 29, 2016, the company had 9,407,230 outstanding shares excluding treasury shares and 592,770 shares in treasury.