The Board of Directors of Nippon Kanryu Industry Co. Ltd. (FKSE:1771) authorized a share repurchase program on November 27, 2012. Under the program, the company will repurchase up to 70,000 shares, representing 1.37% of its outstanding shares excluding treasury shares, at a price of ¥163 per share, for a total of ¥11.41 million.

The repurchase will be made through a consignment in the Fukuoka Stock Exchange off-floor trading. The repurchase program is based on the stipulations of paragraph 3, Article 165, of Japan's Corporate Law, as interpreted in lieu of Article 156 of Japan's Corporate Law. The purpose of the repurchase program is to enable the implementation of a flexible capital policy corresponding to the changes in the business environment.

The repurchase will be made on November 28, 2012. As of November 27, 2012, the company has 5,100,238 outstanding shares excluding treasury shares and 1,762 shares in treasury.