Takase Corporation (JASDAQ:9087) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.5% of its outstanding shares excluding treasury shares for ¥15 million. The shares will be repurchased from the Tokyo Stock Exchange's JASDAQ market.

The purpose of the program is to implement a flexible capital policy which responds to the changes in the business environment. The shares will be repurchased pursuant to Article 165 paragraph 2 of Japan's Corporate Law. The program will be valid till March 31, 2015.

As of July 31, 2014, the company had 9,994,537 outstanding shares excluding treasury and 550,596 shares in treasury.