The Board of Directors of J-Stream Inc. (TSE:4308) authorized a share repurchase program on November 5, 2012. Under the program, the company will repurchase its own shares. The program will commence from November 6, 2012 and will continue till December 28, 2012.

Also, the Board announced a tender offer under which the company will repurchase up to 21,000 shares, representing 15.33% of the shares outstanding excluding treasury shares. The shares will be repurchased at a price of ¥17,360 per share for a total of ¥364.56 million. The company had previously received intention from its shareholders, NTT PC Communications Incorporated to sell J-Stream Inc.'s shares to the company. NTT PC Communications holds 20,652 shares, representing 15.07% of the shares outstanding excluding treasury shares. The tender offer will commence on November 6, 2012, and will expire on December 4, 2012. As of November 5, 2012, the company has 136,985 shares outstanding excluding treasury shares and has 3,302 shares in treasury. Mizuho Securities Co., Ltd. acted as a broker to J-Stream Inc. for the buyback transaction.