Marusho Hotta Co., Ltd. (TSE:8105) announces a share repurchase program. Under the plan, the company will repurchase up to 1,694,900 shares, representing 7.39% of the outstanding shares, for ¥200 million at a price of ¥118 per share. The shares will be repurchased through off-auction own share method.

The purpose of the program is to improve shareholder value per share and to implement a flexible capital policy in response to changes in the business environment. Yamano Holding Corp. will sell 1,694,900 shares in the program.

As of October 1, 2016, the company had 22,940,306 shares outstanding and 1,700,042 shares in treasury.