Maeda Corporation (TSE:1824) announces a share repurchase program. Under the program, the company will repurchase 4,500,000 shares, representing 2.27% of the outstanding shares for ¥4,000 million. The purpose of the program is to improve shareholder profits and enhance capital efficiency by implementing a flexible capital policy. The program will run until September 30, 2019. As of January 31, 2019, the company had 197,918,654 shares outstanding and 37,028 shares in treasury.