Riken Corundum Company Limited (TSE:5395) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 0.86% at a price of ¥194 per share for a total of ¥15.52 million. The repurchases will be made through Off-auction Own Share Repurchase trading method.

The repurchases will be made in order to enable the implementation of a flexible capital policy corresponding to changes in the business environment. As on December 31, 2014, the company had 9,290,767 outstanding shares (treasury shares excluded) and 709,233 shares were held under treasury.