Noda Corporation (TSE:7879) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 3.27% of its issued share capital excluding treasury shares, for a total of ¥196.9 million. The company will repurchase its shares through the Off-Auction Own Share Repurchase Trading (ToSTNeT-3).

The purpose of the repurchase program is to implement a flexible capital policy corresponding to changes in the business environment. As of January 31, 2016, the company had 16,796,137 shares outstanding excluding treasury shares and had 543,063 shares in treasury.