Balnibarbi Co.,Ltd. (TSE:3418) announces a share repurchase program. Under the program, the company will repurchase 90,000 shares, representing 1.04% of the outstanding shares for ¥100 million. The purpose of the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until September 18, 2019. As of May 31, 2019, the company had 8,666,200 shares outstanding and 480 shares in treasury.