Nagase Brothers Inc. (JASDAQ:9733) announces a share repurchase program. Under the plan, the company will repurchase up to 510,000 shares, representing 5.03% of its share capital for ¥2,350 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until March 31, 2017. As of December 21, 2016, the company had 10,148,409 shares outstanding and 783,038 shares in treasury.