Midac Co.,Ltd. (NSE:6564) announces a share repurchase program. Under the program, the company will repurchase 90,000 shares, representing 2.8% of the outstanding shares, at ¥2,499 per share for ¥224.91 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of February 28, 2019, the company had 3,214,150 shares outstanding and 110,150 shares in treasury.