NS United Kaiun Kaisha, Ltd. (TSE:9110) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 1.67% of the shares outstanding excluding treasury shares, at a price of ¥245 per share, for a total of ¥980 million. The company will make purchase orders in the Off Auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange.

The purpose behind the program is to pursue a dynamic capital policy that is responsive to changes in the business climate. As of August 26, 2015, the company had 239,612,748 shares outstanding excluding treasury shares and had 94,045 shares in treasury.