Agro-Kanesho Co. Ltd. (TSE:4955) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 3.45% of its outstanding shares after excluding treasury shares, at a purchase price of ¥942 per share for a total of ¥423.9 million.

The shares will be purchased through Off-auction Own Share Repurchase trading method. The purpose of the repurchase program is to enable the company to implement a flexible capital policy corresponding to changes in the business environment. As of February 29, 2016, the company had 13,037,276 shares outstanding excluding treasury shares and had 367,586 shares in treasury.