The Board of Directors of Axel Mark, Inc. (TSE:3624) authorized a share repurchase program on August 30, 2012. Under the program, the company will repurchase up to 1,000 shares, representing 2.23% of its issued share capital, for a total cost of up to ¥50 million. The purpose of the repurchase program is to increase shareholder profits and flexibility of the capital policy by improving capital efficiency and the supply and demand of shares. The plan will commence on August 31, 2012 and will continue until September 28, 2012. As of August 30, 2012, the company has 44,939 shares outstanding and 230 shares held in treasury.

Axel Mark completed its share repurchase program on September 21, 2012. Under the plan, the company has repurchased 1,000 shares, representing 2.23% for ¥41.59 million.