Daisan Co., Ltd. (TSE:4750) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 15.86% of the shares outstanding excluding treasury shares, at a price of ¥784 per share, for a total of ¥942 million. The company will make purchase orders in the Off Auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange.

The purpose behind the program is to pursue a dynamic capital policy that is responsive to changes in the business climate. As of December 20, 2015, the company had 7,565,890 shares outstanding excluding treasury shares and had 52,110 shares in treasury.