Kyoshin Co., Ltd. (TSE:4735) announces a share repurchase program. Under the program, the company will repurchase 170,000 shares, representing 2.14% of the outstanding shares for ¥220.49 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of December 31, 2018, the company had 7,935,742 shares outstanding and 460,258 shares in treasury.