Maruchiyo Yamaokaya Corporation (JASDAQ:3399) announces a share repurchase program. Under the program, the company will repurchase 14,000 shares, representing 0.57% of the outstanding shares for ¥20 million. The purpose of the program is to improve shareholder value and to implement a flexible capital policy. The program will run until January 24, 2019. As of November 30, 2018, the company had 2,468,777 shares outstanding and 223 shares in treasury.