Mitsuboshi Belting Ltd. (TSE:5192) announces a share repurchase program. Under the program, the company will repurchase 550,000 shares, representing 0.88% of the outstanding shares, for ¥450 million. Shares will be repurchased in the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of this program is to implement a flexible capital policy corresponding to changes in the business environment. The program will run until July 31, 2016. As of May 31, 2016, the company had 62,596,140 shares outstanding and 5,612,257 shares in treasury.