S Line Co.,Ltd. (NSE:9078) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.47% of its outstanding shares excluding treasury shares for ¥105.45 million. The shares will be repurchased at the closing stock price of ¥703 per share as on November 19, 2015 on the Nagoya Stock Exchange off-floor treasury share trading (N-NET3).

The purpose of the program is to implement a flexible capital policy in response to the changes in the business environment. The shares will be repurchased in accordance with article 156 of the Companies Act. As of October 31, 2015, the company had 10,210,386 outstanding shares excluding treasury shares and 1,498 shares in treasury.