Kawasaki & Co., Ltd. (TSE:3045) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 5.76% of its outstanding shares. Shares will be repurchased at a price of ¥1,189 per share for ¥83.23 million.

The repurchases will be made through the Off-Auction Own Share Trading on the Tokyo Stock Exchange. The purpose of the program is to implement a flexible capital policy. The price per share is based on the closing price of the shares as on October 15, 2014.

As of October 15, 2014, the company has 1,214,404 outstanding shares excluding treasury and 236,096 shares in treasury.