Happinet Corporation (TSE:7552) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 4.41% of its total shares outstanding for a total of ¥1,500 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder profits by enhancing capital efficiency. The program will be valid till December 30, 2016. As of June 30, 2016, the company had 24,050,000 shares outstanding and 1,357,870 shares in treasury.