Ichikawa Co., Ltd. (TSE:3513) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.83% of its total shares outstanding excluding treasury shares, for a total of ¥100 million. The company will make market repurchase of its shares.

The purpose of the repurchase program is to improve shareholder returns and to enhance capital efficiency and implement a flexible capital policy corresponding to changes in the business environment. The share repurchase program is valid until September 30, 2015. As of July 30, 2015, the company had 23,976,064 shares outstanding excluding treasury shares and had 859,694 shares in treasury.