Synclayer Inc. (JASDAQ:1724) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 1.1% of its share capital, at a price of ¥381 per share for a total of ¥15.24 million. The purpose of the plan is to enable the implementation of a flexible capital policy corresponding to changes in the business environment.

The company will repurchase its shares through Off-auction Own Share Repurchase. As of March 16, 2015, the company has 3,638,597 outstanding shares (treasury shares excluded) and 395,183 shares in treasury. The plan will expire on March 17, 2015.