Mito Securities Co., Ltd. (TSE:8622) announces a share repurchase program. Under the plan, the company will repurchase 1,000,000 shares, representing 1.39% of outstanding shares for a total of ¥450 million. The company will make market purchase by trust method.

The shares will be repurchased in order to improve overall shareholder returns and capital efficiency, and to implement a flexible capital policy. The shares will be repurchased until December 22, 2015. As of September 30, 2015, the company 72,121,861 outstanding shares (treasury shares excluded) and 3,567,172 shares were held under treasury.