Crestec Inc. (JADAQ:7812) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 3.2% of its total shares outstanding excluding treasury shares, for a total of ¥74 million. The purpose of the repurchase program is to return profits to shareholders, which is recognized as one of the most important management issues, to enhance capital efficiency and to implement a flexible capital policy corresponding to changes in the business environment. The repurchase program is valid till November 21, 2016. As of March 31, 2016, the company had 3,128,870 shares outstanding excluding treasury shares and had 120,030 shares in treasury.