Kuwazawa Trading Co. Ltd. (SPSE:8104) announces a share repurchase program. Under the program, the company will repurchase up to 35,000 shares, representing 0.43% of its share capital, at the closing share price on September 16, 2014 of ¥538 per share, for a total cost of ¥18.83 million.

Repurchases will be made in the Off Auction Own Share Repurchase Trading of the Sapporo Securities Exchange. The purpose of the repurchase program is pursuit of a dynamic capital policy responsive to changes in the business climate. As of September 16, 2014, the company has 8,174,852 shares outstanding (excluding treasury shares) and 172,396 shares held in treasury.