Araya Industrial Co., Ltd. (TSE:7305) announces a share repurchase program. Under the program, the company will repurchase up to 256,000 shares, representing 0.46% of its issued share capital excluding treasury shares, for a total of ¥32.26 million. The company will repurchase its shares through the Off-Auction Own Share Repurchase Trading (ToSTNeT-3).

The purpose of the repurchase program is to implement a flexible capital policy corresponding to changes in the business environment. As of January 31, 2016, the company had 55,562,447 shares outstanding excluding treasury shares and had 4,890,821 shares in treasury.