Albis Co., Ltd. (TSE:7475) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 7.01% stake for a total of ¥1,400 million. Shares will be purchased by market purchase from the Tokyo Stock Exchange. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The shares will be repurchased till May 7, 2017. As of September 30, 2016, the company had 7,848,929 shares outstanding and 56,997 shares in treasury.