The Board of Directors of Furuya Metal Co., Ltd. (JASDAQ:7826) authorized a share repurchase program on September 27, 2012. Under the program, the company will repurchase up to 50,000 shares, representing 0.69% of its issued share capital, for a total cost of up to ¥150 million. Shares will be repurchased on market from the Osaka Securities Exchange.

The purpose of the repurchase program is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. The plan will commence on October 1, 2012 and will continue until April 30, 2013. As of June 30, 2012, the company has 7,238,562 shares outstanding and 26,650 shares held in treasury.