Okayamaken Freight Transportation Co., Ltd. (TSE:9063) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 2.42% of the outstanding shares, for ¥100 million. The purpose of the program is to enable the implementation of a flexible capital policy. The program will run until March 21, 2017. As of July 31, 2016, the company had 20,646,474 shares outstanding and 1,353,526 shares in treasury.