Suzuden Corporation (TSE:7480) announces a share repurchase program. Under the program, the company will repurchase up to 850,000 shares, representing 5.82% of its share capital for ¥898.5 million. The shares will be repurchased at the stock price of ¥1,057 per share through the off-auction own share repurchase method. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of December 31, 2016, the company had 14,616,134 shares outstanding and 536,466 shares in treasury.