Mars Engineering Corporation (TSE:6419) announces a share repurchase program. Under the plan, the company will repurchase up to 1,000,000 shares, representing 5.95% of its share capital, for a total of ¥1,900 million. The purpose of the program is to implement a flexible capital policy corresponding to changes in the business environment.

The program will be valid till March 31, 2016. As of December 31, 2015, the company had 16,798,688 outstanding shares excluding treasury shares and 5,921,312 shares in treasury.