Kakiyasu Honten Co., Ltd. (JASDAQ:2294) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 8.44% of its share capital, at the closing share price on June 25, 2015 of ¥1,939 per share, for a total cost of ¥1,939 million. The shares will be repurchased through the off-auction own share repurchase trading (ToSTNeT-3) method.

The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment. As of May 31, 2015, the company had 11,846,145 outstanding shares excluding treasury shares and 600,555 shares in treasury.