Nozaki Insatsu Shigyo Co. Ltd. (TSE:7919) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 3.75% of its common stock, for ¥93.1 million.

The repurchases will be made at a price of ¥133 per share, being the closing price of August 26, 2015. The program will be made through off-floor treasury share purchase (ToSTNeT-3). The shares will be repurchased in order to enable the accomplishment of a flexible capital policy in response to the changes in the business environment.

As of July 31, 2015, the company had 18,669,826 outstanding shares excluding treasury shares and 2,790,174 shares in treasury.