Sanyo Denki Co., Ltd. (TSE:6516) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.61% of the shares outstanding excluding treasury shares, at a price of ¥535 per share, for a total of ¥535 million. The company will consign the purchases in the Off Auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange. The purpose of the repurchase program is to implement a flexible capital policy responding to changes in the business environment. Repurchases will be in accordance with the regulations of Article 156 of the Companies Act, which is applied by replacing the regulations of Article 165 Paragraph 3 of the same Act. As of March 31, 2016, the company had 62,103,511 shares outstanding excluding treasury shares and had 2,757,424 shares in treasury.