PiPEDO HD, Inc. (TSE:6788) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, for a total of ¥894 million which is based on the closing price of ¥1,788 per share on June 10, 2015. The company will repurchase its shares in off-market transaction from Capital One Y.K. The company is repurchasing its shares as the shareholder had opposed the establishment of a wholly-owning parent company through sole-share transfer.

The company expects to fund the repurchases through borrowings from financial institutions.