Ryosan Company, Limited (TSE:8140) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 8.17% of its own shares for ¥8,000 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy. The plan will be valid up to March 31, 2019. As of March 31, 2018, the company had 24,485,138 shares outstanding and 4,014,862 shares in treasury.