KAINOS Laboratories, Inc. (JASDAQ:4556) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 11.22% of the outstanding shares, at ¥1,103 per share for ¥551.5 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of August 31, 2018, the company had 4,458,048 shares outstanding and 100,812 shares in treasury.