Golf Do Co., Ltd. (NSE:3032) announces a share repurchase program. Under the program, the company will repurchase 110,000 shares, representing 4.33% of the outstanding shares, at ¥990 per share for ¥108.9 million. Shares will be repurchased from Laox CO., LTD. (TSE:8202) and 2 others.

The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of September 30, 2017, the company had 2,540,642 shares outstanding and 0 shares in treasury.