IwaiCosmo Holdings, Inc. (TSE:8707) announces a share repurchase program. Under the program, the company will repurchase 800,000 shares, representing 3.27% of its outstanding shares (treasury shares excluded) for ¥926.4 million, at a price of ¥1,158 per share (closing price of share on September 19, 2014). The shares will be repurchased through off-auction own share repurchase method on Tokyo Stock Exchange.

The shares will be repurchased in order to implement a flexible capital policy corresponding to changes in the business environment. As of September 19, 2014, the company has 24,495,022 outstanding shares (treasury shares excluded) and 517,778 shares were held under treasury.