Phil Company,Inc. (TSE:3267) announces a share repurchase program. Under the program, the company will repurchase up to 165,000 shares, representing 2.86% for ¥500 million. The purpose of the program is to to implement a flexible capital policy in response to changes in the business environment. The program will run through June 30, 2021. As of February 28, 2021, the company had 5,777,668 shares in issue and 332 shares in treasury.