Hokkan Holdings Limited (TSE:5902) announces a share repurchase program. Under the program, the company will repurchase 5,000,000 shares, representing 7.55% of the outstanding shares, at ¥299 per share for ¥1,495 million. Shares will be repurchased in the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3).

The purpose of the program is to promote growth strategy and to contribute to the maximization of corporate value. Shares will be acquired from Tomoku Co., Ltd. As of July 31, 2016, the company had 66,256,970 shares and 1,089,965 shares in treasury.