Ad-Sol Nissin Corporation (TSE:3837) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 1.32% of the outstanding shares for ¥200 million. The purpose of the program is to enhance capital efficiency, improve shareholder returns and implement a flexible capital policy in response to changes in the business environment. The program will run until March 31, 2018. As of September 30, 2017, the company had 9,066,504 shares outstanding and 232,956 shares in treasury.