Forval Corporation (TSE:8275) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 2.15% of its share capital, at ¥813 per share for ¥447.15 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment, improve capital efficiency and aim for shareholder returns. As of December 11, 2017, the company had 25,549,173 shares outstanding (excluding treasury shares) and 2,183,449 shares in treasury.