Honeys Co. Ltd. (TSE:2792) announces a share repurchase program. Under the program, the company will repurchase up to 10,000 shares, representing 0.04% of its issued share capital, for ¥13 million.

The company will make market repurchases on the Tokyo Stock Exchange. The purpose of the plan is to buy fractional shares for shareholders who own fractional shares as the company is planning to change its fractional shares from 10 shares to 100 shares on April 1, 2014. The plan will continue till January 31, 2014.

As of November 30, 2013, the company has 27,899,928 shares outstanding and 72 shares in treasury.