Mystar Engineering Corp. (TSE:4695) announces a share repurchase program. Under the program, the company will repurchase up to 670,000 shares, representing 7.43% of its issued share capital, at a price of ¥551 per share, for ¥369.17 million.

The company will make repurchases through Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the plan is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. As of February 26, 2014, the company has 9,018,707 shares outstanding excluding treasury and 106,293 shares in treasury.