Alpha Group Inc. (JASDAQ:3322) announces a share repurchase program. Under the program, the company will repurchase up to 469,600 shares, representing 14.07% of its share capital. The shares will be repurchased at the closing stock price of ¥1,200 per share as on May 26, 2015 for a total of ¥563.52 million.

The shares will be repurchased through the off-auction own share repurchase method. The purpose of the program is to enhance the capital efficiency and to implement a flexible capital policy corresponding to the changes in the business environment. The company intends to repurchase 447,300 common shares held by its shareholder, Takeshi Ue, as own shares.

As of March 31, 2015, the company had 3,338,700 outstanding shares excluding treasury shares and 142,500 shares in treasury.