A&D Company, Limited (TSE:7745) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 4.65% of the outstanding shares, at ¥476 per share for ¥476 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of January 31, 2017, the company had 21,488,420 shares outstanding and 1,091,280 shares in treasury.