PHYZ inc. (TSE:9325) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.85% of the outstanding shares for ¥100 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, to enhance capital efficiency and to allot shares with transfer restrictions as share compensation. The program will run until October 15, 2019. As of March 31, 2019, the company had 10,816,354 shares outstanding and 46 shares in treasury.