Maruka Corporation (TSE:7594) announces a share repurchase program. Under the program, the company will repurchase 160,000 shares, representing 1.85% of the outstanding shares for ¥400 million. The purpose of the program is to improve shareholder returns and capital efficiency, and to implement a flexible capital policy in response to changes in the business environment. The program will run until May 31, 2020. As of August 31, 2019, the company had 8,640,594 shares outstanding and 687,106 shares in treasury.