Sundrug Co., Ltd. (TSE:9989) announces a share repurchase program. Under the plan, the company will repurchase 2,000,000 shares, representing 3.31% of its outstanding shares for ¥15,000 million from Iryu Shoji Co., Ltd. The purpose of the program is to enhance the capital policy and to enable the implementation of a flexible capital policy in response to the changes in the business environment. The shares will be repurchased until July 31, 2016. As of March 31, 2016, the company had 67,165,592 outstanding shares including treasury shares and 6,723,440 shares in treasury. On June 24, 2016, the company announced that the shares will be repurchased at a price of ¥7,470 per share.