PIA Corporation (TSE:4337) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 0.36% of the outstanding shares, at ¥3,980 per share for ¥199 million. The purpose of the program is to improve shareholder returns and capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of September 30, 2018, the company had 13,830,204 shares outstanding and 819,309 shares in treasury.