Nozaki Insatsu Shigyo Co. Ltd. (TSE:7919) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.59% of its outstanding share capital, at a price of ¥134 per share, for a total cost of ¥67 million.

The company will make the repurchases through Off-auction own share repurchase method. The purpose of the plan is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. As of October 31, 2013, the company has 19,335,944 shares outstanding and 2,124,056 shares held in treasury.