Yamashita Medical Instruments Co., Ltd. (TSE:3022) announces a share repurchase program. Under the program, the company will repurchase up to 46,500 shares, representing 1.82% of the shares outstanding excluding treasury shares, at a price of ¥1,788 per share, for a total of ¥83.14 million. The company will make purchase orders in the Off Auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange.

The purpose behind the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy corresponding to changes in the business environment. Repurchases will be in accordance with article 156, section 1 in lieu of article 165, section 3 of the Companies Act. As of November 16, 2015, the company has 2,552,016 shares outstanding excluding treasury shares and has 984 shares in treasury.