Fukoku Co.,Ltd. (TSE:5185) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 3.48% of its share capital, at a price of ¥1,147 per share for ¥688.2 million. The shares will be repurchased through the off-hours treasury share trading method (ToSTNeT-3).

The purpose of the program is to enable the implementation of a flexible capital policy in response to the changes in the business environment in the future, along with aiming for the improvement of the capital efficiency. As of March 31, 2015, the company had 17,241,997 outstanding shares excluding treasury shares and 367,133 shares in treasury.