SK Kaken Co. Ltd. (JASDAQ:4628) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, representing 0.15% of the shares outstanding excluding treasury shares, at a price of ¥9,500 per share, for a total of ¥190 million.

The company will make purchase orders through the Off Auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange. The purpose behind the program is to pursue a dynamic capital policy that is responsive to changes in the business climate. Repurchases will be in accordance with the regulations of Article 156 of the Companies Act, which is applied by replacing the regulations of Article 165 Paragraph 3 of the same Act.

As of February 23, 2016, the company has 13,532,170 shares outstanding excluding treasury shares and has 2,141,715 shares in treasury.