The Board of Directors of Lapine Co., Ltd. (TSE:8143) authorized a share repurchase program on November 5, 2012. Under the program, the company will repurchase up to 500,000 shares, representing 1.97% of the total outstanding shares at a price of ¥77 per share for ¥38.5 million. The shares will be acquired through the purchase orders from the Tokyo Stock Exchange Closing Price Trading (ToSTNeT-2). The purpose of the program is to enable the implementation of a flexible capital policy corresponding to the changes in the business environment. The shares will be repurchased pursuant to Article 165, section 2 of the Company Act. The program will take place on November 6, 2012. As of November 2, 2012, the company has 25,318,929 outstanding shares excluding treasury and 2,351,713 shares in treasury.

Lapine Co., Ltd. completed the share repurchase program on November 6, 2012.