Sec Carbon, Limited (TSE:5304) announces a share repurchase program. Under the program, the company will repurchase up to 37,700 shares, representing 0.92% of its share capital, at ¥13,240 per share for ¥500 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment. As of June 29, 2018, the company had 4,103,855 shares outstanding (excluding treasury shares) and 35,013 shares in treasury.