Kakiyasu Honten Co., Ltd. (JASDAQ:2294) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.36% of its outstanding shares excluding treasury shares for ¥294 million. The shares will be repurchased at the closing stock price of ¥1,960 per share as on November 10, 2015 on the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3).

The purpose of the program is to implement a flexible capital policy in response to the changes in the business environment. As of October 31, 2015, the company had 10,996,073 outstanding shares excluding treasury shares and 1,450,627 shares in treasury.