Yomiuri Land Co., Ltd. (TSE:9671) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 0.52% of the shares outstanding excluding treasury shares, at a price of ¥415 per share, for a total of ¥166 million. The company will consign the purchases in the Off Auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange. The purpose behind the program is to pursue a dynamic capital policy that is responsive to changes in the business climate. Repurchases will be in accordance with the regulations of Article 156 of the Companies Act, which is applied by replacing the regulations of Article 165 Paragraph 3 of the same Act. As of May 31, 2016, the company had 77,292,363 shares outstanding excluding treasury shares and had 6,229,661 shares in treasury.