Kyoritsu Air Tech Inc. (JASDAQ:5997) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 11.33% of its share capital. The shares will be repurchased at a price of ¥499 per share for ¥299.4 million.

The shares will be repurchased on the Tokyo Stock Exchange through the off-auction own share repurchase methodology. The purpose of the plan is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. As of February 19, 2015, the company has 5,295,713 shares outstanding (treasury shares excluded) and 704,287 shares in treasury.