The Takigami Steel Construction Co., Ltd. (TSE:5918) announces a share repurchase program. Under the program, the company will repurchase up to 2,400,000 shares, representing 9.96% of its total shares outstanding excluding treasury shares, for a total of ¥1,450 million. The company will acquire its own shares to contribute to the improvement of net income per share, return on equity, capital efficiency and return of shareholder profits. The company has received the notification for sale under the program from its shareholder Takigami Bolt & Nut Co., Ltd. The share repurchase program is valid until February 29, 2016. As of January 31, 2016, the company had 24,131,170 shares outstanding excluding treasury shares and had 2,844,830 shares in treasury.

On February 15, 2016, the company announced that the shares will be purchased at a purchase price of ¥551 per share for a total of ¥1,322.4 million.