Mammy Mart Corporation (JASDAQ:9823) announces a share repurchase program. Under the program, the company will repurchase 176,000 shares, representing 1.63% of the outstanding shares, at ¥1,797 per share for ¥316.27 million. The purpose of the program is to improve corporate value and shareholder value, and to enable a flexible capital policy in response to changes in the business environment. As of November 14, 2019, the company had 10,794,838 shares outstanding and 1,955 shares in treasury.