Japan Power Fastening Co., Ltd. (TSE:5950) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 3.20% stake at a price of ¥192 per share for a total of ¥105.6 million. The shares will be repurchased through ToSTNeT-3 of Tokyo Stock Exchange.

The purpose of the program is to enable the company to implement a flexible capital policy corresponding to changes in the business environment. As of January 31, 2014, the company had 17,154,407 shares outstanding excluding treasury shares and had 1,534,133 shares in treasury.