Yamato International Inc. (TSE:8127) announces a share repurchase program. Under the program, the company will repurchase 369,000 shares, representing 1.73% of the outstanding shares, at ¥389 per share for ¥143.54 million. Shares will be repurchased from 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 October 31, 2016, the company had 21,286,096 shares outstanding and 16,840 shares in treasury.