Sumiken Mitsui Road Co.,Ltd. (TSE:1776) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.62% of its outstanding shares (treasury shares excluded) for ¥100 million. The company will make market purchase from the Tokyo Stock Exchange.

The shares will be repurchased in order to implement a flexible capital policy corresponding to changes in the business environment as part of returning profits to shareholders. The program will be valid till December 30, 2014. As of March 31, 2014, the company has 18,547,532 outstanding shares (treasury shares excluded) and 7,468 shares were held under treasury.