Teraoka Seisakusho Co., Ltd. (TSE:4987) announces a share repurchase program. Under the plan, the company will repurchase up to 1,000,000 shares, representing 3.8% of outstanding shares for a total of ¥325 million. The shares will be repurchased at a price of ¥325 per share. The shares will be repurchased through off-auction. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment, enhance capital efficiency and improve shareholder returns. As of August 22, 2016, the company had 26,333,336 shares outstanding and 354,619 shares in treasury.