Shofu, Inc. (TSE:7979) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.63% of the shares outstanding excluding treasury shares, at a price of ¥1,327 per share, for a total of ¥132.7 million. The company will repurchase its shares through 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 implement a flexible capital policy corresponding to changes in the business environment. As of April 30, 2016, the company had 15,981,210 shares outstanding excluding treasury shares and had 132,879 shares in treasury.