Subaru Enterprise Co. Ltd. (TSE:9632) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 1.53% of the outstanding shares for ¥160 million. 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 November 30, 2016. As of July 31, 2016, the company had 26,059,582 shares outstanding and 560,418 shares in treasury.