Koshidaka Holdings Co., Ltd. (JASDAQ:2157) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.64% of its share capital for ¥1,100 million. The repurchases will be made from the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3).

The purpose of the program is to improve the capital efficiency and to enable the implementation of a flexible capital policy corresponding to the future changes in the business environment. The plan will expire on December 4, 2014. As of October 31, 2014, the company had 18,954,640 outstanding shares excluding treasury and 245,360 shares in treasury.