Iwatsuka Confectionery Co., Ltd. (TSE:2221) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares at a price of ¥6,480 per share for a total of ¥259.2 million. The company will repurchase its shares from the Off-Auction Own Share Repurchase Trading (ToSTNeT-3).

The purpose of the plan is to implement a flexible capital policy corresponding to changes in the business environment. As of December 31, 2014, the company had 5,746,055 shares outstanding (treasury shares excluded) and 248,945 shares in treasury.