Shinobu Foods Products Co., Ltd. (TSE:2903) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 0.79% of the outstanding shares for ¥90 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. The program will run until August 31, 2018. As of May 31, 2018, the company had 12,662,990 shares outstanding and 1,237,010 shares in treasury.