Chuou International Group Co., Ltd. (TSE:7170) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 2.03% of its share capital, for ¥20 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. The share repurchase program will run until July 31, 2019. As of June 12, 2019, the company had 2,958,360 shares outstanding (excluding treasury shares) and 379,600 shares in treasury.