The Board of Directors of Bull-Dog Sauce Co, Ltd. (TSE:2804) authorized a share repurchase program on October 26, 2012. Under the program, the company will repurchase up to 650,000 shares, representing 0.94% of its issued share capital (excluding treasury shares), for a total cost of ¥100 million. The repurchases will be done in accordance with article 156 in lieu of article 165, section 3 of the Companies Act.

The purpose of the repurchase program is to make the pursuit of an agile and moreover effective capital strategy that is responsive to changes in the business environment possible. The plan will commence on October 29, 2012 and end on November 30, 2012. As of September 30, 2012, the company has 68,961,043 shares outstanding (treasury shares excluded) and 813,358 shares held in treasury.