kabu.com Securities Co., Ltd. (TSE:8703) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 1.48% of its share capital, for ¥2,000 million. The company is repurchasing its shares through market purchases in Tokyo Stock Exchange. The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment, to promote capital efficiency and shareholder returns. The share repurchase program will run until April 21, 2017. As of December 31, 2016, the company had 338,235,965 shares outstanding (excluding treasury shares) and 496,700 shares in treasury.