Carchs Holdings Co., Ltd. (TSE:7602) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 4.98% of its outstanding shares excluding treasury shares, at a price of ¥348 per share, for a total cost of ¥417.6 million. The repurchases will be made through Off-Auction Own Share Repurchase Trading (ToSTNeT-3).

The purpose of the program is to implement a flexible capital policy corresponding to changes in the business environment. As of September 30, 2015, the company had 24,079,609 shares outstanding excluding treasury shares and had 10,896 shares in treasury.