Showa Manufacturing Co.,Ltd. (FKSE:5953) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3.56% of its issued share capital, for a total of ¥62.4 million. The company will repurchase its shares through the off-floor treasury share repurchase methodology.

The purpose of the program is to accomplish a flexible capital policy in response to the changes in the business environment. As of February 25, 2015, the company had 8,431,433 outstanding shares excluding the treasury shares and 538,567 shares in treasury.