JAPAN MATERIAL Co., Ltd. (TSE:6055) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 2% of its share capital for ¥717.85 million. The shares will be repurchased at the closing stock price of ¥2,051 per share as on February 16, 2016 through the off-floor treasury share trading method.

The purpose of the program is the implementation of a flexible capital policy corresponding to the changes in the business environment. As of February 16, 2016, the company had 17,458,923 outstanding shares excluding treasury shares and 65,997 shares in treasury.