Hokkan Holdings Limited (TSE:5902) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 0.49% of its share capital, at ¥357 per share for ¥107.1 million. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to the business environment. As of August 31, 2016, the company had 61,256,674 shares outstanding, excluding treasury shares and 6,090,261 shares in treasury.