Sunwood Corp. (JASDAQ:8903) announces a share repurchase program. Under the program, the company will repurchase 85,000 shares, representing 1.76% of the outstanding shares, at ¥502 per share for ¥42.67 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of August 31, 2016, the company had 4,816,156 shares outstanding and 77,844 shares in treasury.