Shokubun Co., Ltd (TSE:9969) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.38% of its share capital, for a total cost of ¥200 million. The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment.

The authority is valid till November 28, 2014. As of September 30, 2014, the company had 11,849,035 outstanding shares excluding treasury shares and 7,634 shares in treasury.