Nozawa Corporation (TSE:5237) announces a share repurchase program. Under the program, the company will repurchase up to 520,000 shares, representing 2.23% of its common stock, at a price of ¥402 per share, for a total cost of ¥209.04 million. The repurchases will be made using off-auction own share repurchase trading (ToSTNeT-3).

The company is repurchasing its shares to implement a flexible capital policy corresponding to the business environment. As of July 31, 2014, the company had 23,328,202 shares outstanding (treasury shares excluded) and 821,798 shares in treasury.