Mars Engineering Corporation (TSE:6419) announces a share repurchase program. Under the plan, the company will repurchase up to 1,000,000 shares, representing 5.99% of its shares outstanding excluding treasury shares, for a total of ¥1,900 million. The shares will be repurchased in order to enable the implementation of a flexible capital policy corresponding to changes in the business environment.

The program will be valid till June 30, 2016. As of March 31, 2016, the company had 16,706,888 shares outstanding excluding treasury shares and had 6,013,112 shares in treasury.