Paramount Bed Holdings Co., Ltd. (TSE:7817) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 3.33% of its share capital, for ¥5,000 million. The company will repurchase its shares in order to improve shareholder returns by implementing a flexible capital policy and improving capital efficiency. The program will run until March 24, 2020. As of September 30, 2019, the company had 30,063,077 shares outstanding (excluding treasury shares) and 814,410 shares in treasury.