Maxvalu Chubu Co., Ltd. (NSE:8171) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 0.51% of its share capital, at ¥1,505 per share for ¥240.8 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment, and to allocate shares to be delivered upon exercise of stock options. As of August 31, 2017, the company had 31,621,334 shares outstanding (excluding treasury shares) and 113,289 shares in treasury.