The Board of Directors of Nippon Seiro Co., Ltd. (TSE:5010) authorized a share repurchase program on June 17, 2013. Under the program, the company will repurchase up to 2,700,000 shares, representing 13.51% of its share capital, at a price of ¥258 per share, for a total of ¥696.60 million. The repurchase will be made through Off-auction Own Share Repurchase Trading.

The purpose of the plan is to implement a flexible capital policy in response to changes in the business environment, treasury shares will be acquired. The repurchase will take place on June 18, 2013. As of December 31, 2012, the company has 19,985,588 shares outstanding and 2,414,412 shares in treasury.