Miyako Inc. (JASDAQ:3424) announces a share repurchase program. Under the plan, the company will repurchase up to 200,705 shares, representing 4.37% of the issued capital for a total of ¥300 million. The shares will be repurchased from Etsuko Yamawaki, Michiko Tsukada, Emiko Tanaka and Ikuko Inoue. The shares will be repurchased for improvement of capital efficiency and implementation of a flexible capital policy corresponding to the business environment. The share repurchase program is valid until September 30, 2016. As of March 31, 2016, the company has 4,587,836 outstanding shares (treasury shares excluded) and 1,646,964 shares were held under treasury.