Techno Associe Co., Ltd. (TSE:8249) announces a share repurchase program. Under the program, the company will repurchase up to 330,000 shares, representing 1.71% of its outstanding shares excluding treasury shares for ¥345.84 million. The shares will be repurchased at the closing stock price of ¥1,048 per share as on January 29, 2016 on the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3).

The purpose of the program is to implement a flexible capital policy in response to the changes in the business environment. As of December 31, 2015, the company had 19,287,517 outstanding shares excluding treasury shares and 748,883 shares in treasury.