Azia Co., Ltd. (TSE:2352) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 2.15% of its share capital for ¥100 million. The company is repurchasing its shares through market purchases in Tokyo Stock Exchange. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment, and for the purposes of shareholder returns. The program will be valid until February 28, 2017. As of December 31, 2016, the company had 2,326,200 shares outstanding and 228,700 shares in treasury.