Daiya Tsusho Co., Ltd. (JASDAQ:7462) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 6.53% of outstanding shares excluding treasury shares, at a price of ¥102 per share for a total of ¥51 million. The company will make repurchases by way of 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 implement a flexible capital policy corresponding to changes in the business environment. As of March 31, 2016, the company had 7,659,691 shares outstanding excluding treasury shares and had 562,309 shares in treasury.