WonderCorporation (JASDAQ:3344) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing a 7.40% of the issued capital excluding treasury shares, for a total of ¥500 million. The company will make market repurchases on the Tokyo Stock Exchange.

The purpose of the program is to the enterprise value through improving the capital efficiency. The program will end on August 31, 2015. As of May 31, 2015, the company had 5,403,600 shares excluding treasury shares and had 40,000 shares in treasury.