Daiken Corp. (TSE:7905) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 0.82% of its shares outstanding excluding treasury shares, at a price of ¥357 per share for a total of ¥357 million.

The company will repurchase its shares through Own Shares from the Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the repurchase program is to implement a flexible capital policy corresponding to changes in the business environment. As of October 31, 2015, the company had 121,517,150 shares outstanding excluding treasury shares and had 4,358,069 shares in treasury.