Maruka Machinery Co., Ltd. (TSE:7594) announces a share repurchase program. Under the program, the company will repurchase 130,000 shares, representing 1.5% of the outstanding shares, at ¥2,126 per share for ¥276.38 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of January 31, 2018, the company had 8,650,775 shares outstanding and 676,925 shares in treasury.