JICHODO Co.,Ltd. (TSE:3597) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.95% of its outstanding shares excluding treasury shares for ¥373.8 million. The shares will be repurchased at the closing stock price of ¥1,246 per share as on May 21, 2015.

The shares will be repurchased through the off-floor treasury share purchase method (ToSTNeT-3). The purpose of the program is to execute a flexible capital policy in response to the changes in the business environment accomplishment. The shares will be repurchased in accordance with article 156, section 3 of the Companies Act.

As of March 31, 2015, the company had 15,400,614 outstanding shares excluding treasury shares and 2,252,892 shares in treasury.