Iseki & Co. Ltd. (TSE:6310) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,000 shares, representing 1.96% of its outstanding shares excluding treasury for ¥1,000 million.

The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment and to enhance the capital efficiency thereby improving the shareholders' returns. The share program is valid until March 31, 2015. As of April 30, 2014, the company had 229,732,460 outstanding shares excluding treasury and 117,476 shares in treasury.