Nojima Corporation (TSE:7419) announces a share repurchase program. Under the plan, the company will repurchase up to 2,000,000 shares, representing 4.07% stake for ¥3,500 million. Shares will be repurchased by market purchase in the Tokyo Stock Exchange. The purpose of the program is to implement a flexible capital policy (in preparation for the exercise of stock options by the company's executives) in response to changes in the business environment. The shares will be repurchased until January 31, 2018. As of January 31, 2017, the company had 49,186,689 shares outstanding and 117,327 shares in treasury.