Isetan Mitsukoshi Holdings Ltd. (TSE:3099) announces a share repurchase program. Under the program, the company will repurchase 3,000,000 shares, representing 0.77% of the outstanding shares for ¥3,000 million. The purpose of the program is to implement a flexible capital policy and to improve shareholder returns. The program will run until March 31, 2017. As of December 31, 2016, the company had 391,725,375 shares outstanding and 3,468,379 shares in treasury.