TDC Software Engineering, Inc. (TSE:4687) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 1.31% of its outstanding shares excluding treasury shares for ¥87.76 million. The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment.

The program will be valid till November 18, 2014. As of September 30, 2014, the company had 6,102,811 outstanding shares excluding treasury shares and 175,589 shares in treasury.