Felissimo Corporation (TSE:3396) announces a share repurchase program. Under the program, the company will repurchase up to 3,200,100 shares, representing 32.45% of its outstanding shares excluding treasury shares, for a total of ¥2,908.89 million. The shares will be repurchased at the stock price of ¥909 per share.

The program will be valid until June 30, 2016. As of February 29, 2016, the company had 9,862,976 shares outstanding excluding treasury shares and had 180,524 shares in treasury.