The Board of Directors of Aiphone Co., Ltd. (TSE:6718) authorized a share repurchase program on July 30, 2013. Under the program, the company will repurchase up to 200,000 shares, representing 1.07% of its issued share capital, for a total cost of up to ¥360 million. The purpose of the repurchase program is to implement a flexible capital policy in response to changes in the business environment.

Repurchases will be made in accordance with 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 plan will commence on July 31, 2013 and will continue until December 31, 2013. As of June 30, 2013, the company has 18,721,893 shares outstanding and 1,952,235 shares held in treasury.