Maruyoshi Center Inc. (TSE:7515) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 2.41% of the total outstanding shares excluding treasury shares, at a price of ¥380 per share, for a total of ¥76 million. Repurchases will be made through buyback and a purchase consignment in the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3).

The purpose of the program is to enable the company to implement a flexible capital policy which responds to changes in the business environment, along with improving capital efficiency. Repurchases will be based on the stipulations of paragraph 3, Article 165, of Japan's Corporate Law, as interpreted in lieu of Article 156 of Japan's Corporate Law. As of February 28, 2014, the company had 8,289,440 shares outstanding excluding treasury shares and had 460,550 shares in treasury.