Crestec Inc. (JADAQ:7812) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 3.69% of its total shares outstanding excluding, for ¥100 million. The purpose of the program is to enhance the capital efficiency and to implement a flexible capital policy corresponding to the changes in the business environment.

The program is valid until August 15, 2016. As of December 31, 2015, the company had 3,248,900 outstanding shares excluding treasury shares and nil shares in treasury.