Ushio Inc. (TSE:6925) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 1.53% of its issued share capital, for a total cost of up to ¥2,500 million. The purpose of repurchase program is to enable the implementation of a flexible capital policy.

Shares will be repurchased pursuant to Article 165 paragraph 2 of the Companies Act of Japan. The plan will expire on March 20, 2014. As of December 31, 2014, the company has 131,123,330 shares outstanding and 8,505,391 shares held in treasury.