Wavelock Holdings Co., Ltd. (TSE:7940) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 5% for ¥650 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, enhance capital efficiency and to improve shareholder returns. The plan will expire on March 29, 2019. As of June 30, 2018, the company had 10,007,265 shares outstanding and 1,113,273 shares in treasury.