Nozaki Insatsu Shigyo Co. Ltd. (TSE:7919) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 3.89% of its issued share capital for a total of ¥88.2 million.

The repurchases would be made at the closing price of ¥126 per share of February 16, 2017 through off-auction own share repurchase. The purpose of the program is to enable the implementation of a flexible capital policy corresponding to the changes in the business environment. As of January 31, 2016, the company had 18,015,955 outstanding shares excluding treasury shares and 3,444,045 shares in treasury.