Tayca Corporation (TSE:4027) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 1.7% of its share capital, at ¥2,004 per share for ¥801.6 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. As of November 29, 2019, the company had 23,508,961 shares outstanding (excluding treasury shares) and 2,205,453 shares in treasury.