Muraki Corporation (JASDAQ:7477) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 3.4% of its outstanding share capital, for a total cost of ¥50 million. The purpose of the plan is to accomplish a flexible capital policy in response to the changes in the business environment.

The company will make repurchases till December 20, 2013. As of October 31, 2013, the company has 14,699,076 shares outstanding and 924 shares held in treasury.