Nakakita Seisakusho Co. Ltd. (TSE:6496) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2.13% of outstanding shares.

The shares will be purchased at a price of ¥530 per share for a total of ¥212 million. The shares will be repurchased on the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The purpose of the program is to enable the implementation of a flexible capital policy in response to the changes in the business environment.

As of February 29, 2016, the company had 18,801,493 outstanding shares excluding treasury shares and 362,507 shares in treasury.