PIA Corporation (TSE:4337) announces a share repurchase program. Under the program, the company will repurchase 230,000 shares, representing 1.64% of the outstanding shares for ¥1,500 million. The purpose of the program is to improve shareholder returns and capital efficiency and to implement a flexible capital policy in response to changes in the business environment. The program will run until May 10, 2019. As of March 31, 2018, the company had 14,061,466 shares outstanding and 588,047 shares in treasury.