Micronics Japan Co., Ltd. (TSE:6871) announces a share repurchase program. Under the program, the company will repurchase up to 880,000 shares, representing 2.22% stake, for a total cost of up to ¥1,000 million. Shares will be repurchased by market purchase. The purpose of the program is to implement a flexible capital policy and enable a financial strategy in response to changes in the business environment. The shares will be repurchased until December 22, 2016. As of September 30, 2016, the company had 39,679,672 shares outstanding and 345,644 shares in treasury.