Media Kobo, Inc. (TSE:3815) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 4.61% of the outstanding shares for ¥280 million. Shares will be repurchased by discretionary account transaction. The purpose of the program is to improve shareholder returns, activate company business activities, enhance capital efficiency and implement a flexible capital policy. The program will run until May 19, 2017. As of April 7, 2017, the company had 10,893,124 shares outstanding and 460,876 shares in treasury.