Nippon View Hotel Co., Ltd. (TSE:6097) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 4.13% of the outstanding shares for ¥500 million. Shares will be repurchased by market purchase in the Tokyo Stock Exchange. 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 July 31, 2017. As of December 31, 2016, the company had 9,680,825 shares outstanding and 0 shares in treasury.