Media Kobo, Inc. (TSE:3815) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 2.45% of the outstanding shares for ¥100 million. The purpose of the program is the preparation for the implementation a flexible capital policy in response to new business growth and changes in the market, and to increase shareholder profits. The program will run until February 14, 2019. As of January 11, 2019, the company had 10,219,123 shares outstanding and 1,080,877 shares in treasury.