Sundrug Co., Ltd. (TSE:9989) announces a share repurchase program. Under the program, the company will repurchase up to 2,600,000 shares, representing 4.13% of its outstanding shares for ¥10,072.4 million from Iryu Shoji Co., Ltd. The shares will be repurchased at a price of ¥3,874 per share. The purpose of the program is to improve the capital efficiency and to enable a flexible management corresponding to the changes in the business environment.

The share program is valid until September 30, 2014. As of March 31, 2014, the company had 67,165,592 outstanding shares including treasury and 4,142,352 shares in treasury.