Shinozakiya, Inc. (TSE:2926) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 3.52% of its share capital for ¥50 million. The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment.

The repurchases will continue until March 31, 2016. As of January 29, 2016, the company had 14,216,600 shares outstanding (treasury shares excluded) and 220,000 shares in treasury.