Daikyo Inc. (TSE:8840) announces a share repurchase program. Under the program, the company will repurchase up to 4,100,000 shares, representing 4.91% of its outstanding shares for ¥8,500 million. The purpose of the program is to strengthen shareholder returns and to increase capital efficiency. The program will expire on October 26, 2018. As of October 26, 2017, the company has 83,499,699 issued and outstanding shares, excluding treasury stock and 854,574 shares in treasury.