Chubu Suisan Co., Ltd. (NSE:8145) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.22% of its outstanding shares excluding treasury for ¥10.64 million. The shares will be repurchased at a price of ¥266 per share, based on the closing price of a share as of February 20, 2014.

The repurchases will be made on the Nagoya Stock Exchange, Company Share Repurchase Trading. The purpose of the program is to enable the implementation of a flexible capital policy corresponding to the changes in the business environment. As of February 20, 2014, the company has 17,943,791 outstanding shares excluding treasury and 2,025,209 shares in treasury.