Rix Corporation (TSE:7525) announces a share repurchase program. Under the program, the company will repurchase up to 260,000 shares, representing 3.08% of its total shares outstanding after excluding treasury shares, at a price of ¥1,092 per share for a total of ¥283.92 million. The company will repurchase its shares through Off-Auction Own Share Repurchase Trading (ToSTNeT-3).

The purpose of the repurchase program is to implement a flexible capital policy corresponding to changes in the business environment. As of March 9, 2016, the company has 8,442,691 shares outstanding excluding treasury shares and has 197,309 shares in treasury.