Rheon Automatic Machinery Co., Ltd. (TSE:6272) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares, representing 3.96% if its common stock. The shares will be purchased at a price of ¥605 per share for a total of ¥665.5 million.

The purpose of the repurchase program is to implement a flexible capital policy corresponding to changes in the business environment. Repurchases will be made through Off-Auction Own Share Repurchase Trading (ToSTNeT-3). As of January 31, 2016, the company had 27,774,055 shares outstanding excluding treasury shares and had 617,945 shares in treasury.