Ihara Science Corporation (JASDAQ:5999) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 13.59% of its share capital, at a price of ¥850 per share for a total of ¥1,360 million. The purpose of the plan is to implement a flexible capital policy corresponding to changes in the business environment, improve capital efficiency and shareholder returns.

As of September 30, 2015, the company has 11,772,328 shares outstanding (treasury shares excluded) and 2,227,672 shares in treasury.