Yushiro Chemical Industry Co., Ltd. (TSE:5013) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.17% of its outstanding shares excluding treasury shares, for a total of ¥475 million. The purpose of the repurchase program is to implement a flexible capital policy corresponding to changes in the business environment. The share repurchase program will run until October 31, 2016. As of April 30, 2016, the company had 13,853,546 shares outstanding excluding treasury shares and had 46,519 shares in treasury.