JUTEC Holdings Corporation (JASDAQ;3157) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.36% of outstanding shares (excluding treasury shares). The repurchases will be made at a closing price of ¥577 per share for a total cost of ¥230.8 million.

The shares will be repurchased through off-floor treasury share purchase (ToSTNeT-3). The repurchase program aims for the improvement of capital efficiency, accomplish a flexible capital policy in response to the changes in the business environment, and enable a financial strategy. As of March 31, 2014, the company has 11,914,211 outstanding shares (excluding treasury shares) and 57,139 shares were held under treasury.