Maruka Machinery Co., Ltd. (TSE:7594) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 1.37% of the outstanding shares for ¥277.8 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of January 31, 2017, the company had 8,750,830 shares outstanding and 576,870 shares in treasury.