Shinden Hightex Corporation (JASDAQ:3131) announces a share repurchase program. Under the program, the company will repurchase up to 180,000 shares, representing 9.78% of its outstanding shares excluding treasury shares, for a total of ¥360 million. The purpose of the repurchase program is to enhance capital efficiency and implement a flexible capital policy corresponding to changes in the business environment.

The repurchase program will expire on December 22, 2015. As of September 7, 2015, the company had 1,841,200 shares outstanding excluding treasury shares and had no shares in treasury.