Tokan Co.,Ltd. (NSE:7648) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 4.43% of its share capital, for ¥500 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until March 23, 2018. As of November 10, 2017, the company had 5,649,200 shares outstanding (excluding treasury shares) and 1,400,800 shares in treasury.