Towa Food Service Co., Ltd. (JASDAQ:3329) announces a share repurchase program. Under the program, the company will repurchase 40,000 shares, representing 0.99% of the outstanding shares for ¥100 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until July 28, 2017. As of May 28, 2017, the company had 4,034,898 shares outstanding and 58,302 shares in treasury.