Takeei Corporation (TSE:2151) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.08% of its share capital for ¥500 million. Shares will be repurchased by market purchase. 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 be valid until January 30, 2018. As of December 31, 2016, the company had 24,038,224 shares outstanding and 513,666 shares in treasury.