Koken Ltd. (JASDAQ:7963) announces a share repurchase program. Under the program, the company will repurchase up to 61,200 shares, at a price of ¥1,532 per share for a total of ¥93.76 million. Repurchases will be made through off-hours treasury share trading (ToSTNeT-3).

The purpose of the repurchase program is to raise funds in a stable manner for the shares planned to be acquired by the trust which was established along with the introduction of a Board Benefit Trust (BBT) and an Employee Share Ownership Plan (J-ESOP); and to enable the implementation of a flexible capital policy in response to other changes in the business environment.