Kourakuen Holdings Corporation (TSE:7554) announces a share repurchase program. Under the program, the company will repurchase up to 1,700,100 shares, representing 10.33% of its total shares outstanding excluding treasury shares, for a total of ¥2,295.14 million. The share repurchase program is valid until September 30, 2016. As of July 29, 2016, the company has 16,451,572 shares outstanding excluding treasury shares and has 265,569 shares in treasury.