Paltek Corp. (JASDAQ:7587) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 5.25% of its common stock for a total of ¥300 million.

The purpose of the plan is to implement a flexible capital policy corresponding to changes in the business environment. The program will continue until March 24, 2015. As of February 12, 2015, the company has 11,418,882 shares outstanding (treasury shares excluded) and 430,977 shares in treasury.