Daiyu Lic Holdings Co., Ltd. (TSE:3546) announces a share repurchase program. Under the program, the company will repurchase 422,00 shares, representing 2.78% of the outstanding shares. Shares will be repurchased by dividend in kind. The company will repurchase 200,000 shares from Daiyu Eight Co., Ltd. and 222,000 shares from LIC Co., Ltd. As of September 1, 2016, the company had 15,174,203 shares outstanding and 0 shares in treasury.