Marujun Co. Ltd. (NSE:3422) announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares, representing 14.34% of its issued share capital, for ¥1,400 million.

The purpose of the plan is to enable the accomplishment of a flexible capital policy in response to the changes in the business environment. The plan will run till January 10, 2014. As of September 30, 2013, the company has 9,766,145 shares outstanding and 4,855 shares held in treasury.