JICHODO Co.,Ltd. (TSE:3597) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 3.96% of its issued share capital after excluding treasury shares, at a price of ¥1,181 per share for a total of ¥708.6 million. The shares will be repurchased through off-hours treasury share trading (ToSTNeT-3).

The purpose of the repurchase program is to implement a flexible capital policy in response to changes in the business environment. As of December 31, 2015, the company had 15,133,070 shares outstanding excluding treasury shares and had 2,520,436 shares in treasury.