Maxvalu Chubu Co., Ltd. (NSE:8171) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 0.38% of the shares outstanding excluding treasury shares, at a price of ¥1,202 per share, for a total of ¥144.24 million. The company will purchase shares in the Nagoya Stock Exchange Off-Floor Transaction System (N-NET3).

The purpose behind the program is to implement a flexible capital policy corresponding to changes in the business environment. Repurchases will be in accordance with article 156, section 1 in lieu of article 165, section 3 of the Companies Act. As of August 31, 2015, the company had 31,676,808 shares outstanding excluding treasury shares and had 57,815 shares in treasury.