IwaiCosmo Holdings, Inc. (TSE:8707) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 1.05% of its outstanding shares excluding treasury shares for ¥389 million. The shares will be repurchased at the closing stock price of ¥1,556 per share as on June 19, 2015 through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3) method.

The purpose of the program is to enhance the capital efficiency and to implement a flexible capital policy corresponding to the changes in the business environment. As of June 19, 2015, the company had 23,739,342 outstanding shares excluding treasury shares and 1,273,458 shares in treasury.