Ishii Food Co. Ltd. (TSE:2894) announces a share repurchase program. Under the program, the company will repurchase up to 233,000 shares, representing 1.31% of the shares outstanding excluding treasury shares, at a price of ¥206 per share for a total of ¥47.99 million.

The company will repurchase its shares through Off-Auction Own Share Repurchase Trading (ToSTNeT-3) on the Tokyo Stock Exchange. 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 March 31, 2015, the company had 17,743,666 shares outstanding excluding treasury shares and had 648,334 shares in treasury.