Carchs Holdings Co., Ltd. (TSE:7602) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 5.23% of its issued share capital excluding treasury shares, for a total of ¥500 million. The purpose of the repurchase program is to strengthen shareholder returns and implement a flexible capital policy corresponding to changes in the business environment. The share repurchase program will run until September 23, 2016. As of March 31, 2016, the company had 22,925,723 shares outstanding excluding treasury shares and had 1,161,186 shares in treasury.