Nozaki Insatsu Shigyo Co. Ltd. (TSE:7919) announces a share repurchase program. Under the program, the company will repurchase 220,000 shares, representing 1.16% of its common stock, for ¥31.02 million.

The repurchases will be made at a price of ¥141 per share, being the closing price of company's common shares in the second section of the Tokyo Stock Exchange on February 18, 2014. The repurchases will be made through over the counter transaction. The company is repurchasing 200,000 shares from Phoenix Denshi Co., Ltd. and 20,000 shares from Sowa Seihon Co., Ltd. The repurchases are being made for the shares held by subsidiaries according to Article 135, section 3 of the Company Law.

As of January 31, 2014, the company had 18,894,451 outstanding shares (treasury shares excluded) and 2,565,549 shares in treasury.