Unozawa-gumi Iron Works, Limited (TSE:6396) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 1.25% of outstanding shares (excluding treasury shares) for a total of ¥43.8 million. The repurchases will be made at a price of ¥170 per share, being the closing price of the company's shares on November 19, 2014.

The shares will be repurchased in the Off Auction Own Share Repurchase Trading (ToSTNeT-3) of the Tokyo Stock Exchange. The shares will be repurchased in order to implement a flexible capital policy corresponding to changes in the business environment. As of October 31, 2014, the company had 11,176,616 shares (excluding treasury shares) and 23,384 shares in treasury.