Kakiyasu Honten Co., Ltd. (JASDAQ:2294) announces a share repurchase program. Under the program, the company will repurchase 600,000 shares, representing 4.82% stake for ¥816.6 million at a price of ¥1,361 per share (the closing price on October 29, 2013). The repurchases will be made through ToSTNeT-3 of the Tokyo Stock Exchange.

The purpose of repurchase is to implement a flexible capital policy corresponding to changes in the business environment. As of September 30, 2013, the company has 12,446,230 shares outstanding (treasury shares excluded) and 470 shares were held under treasury.