Otsuka Kagu Ltd. (JASDAQ:8186) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 5.36% of its issued share capital excluding treasury shares, for a total of ¥1,800 million. The purpose of the repurchase program is to improve capital efficiency.

The program will run until August 31, 2016. As of February 12, 2016, the company has 18,639,966 shares outstanding excluding treasury shares and has 760,034 shares in treasury.