Masaru Corporation (JASDAQ:1795) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 4.9% of its outstanding shares for ¥132 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until November 30, 2017. As of September 30, 2017, the company had 4,492,109 shares outstanding and 13,648 shares in treasury.