The Board of Directors of Ktk Inc. (JASDAQ:3035) authorized a share repurchase program on February 7, 2013. Under the program, the company will repurchase up to 11,000 shares, representing 0.19% of its issued share capital (excluding treasury shares), for a total cost of ¥2.5 million. The shares will be repurchased directly from Seiun Crown Co., Ltd. The repurchases will be done in accordance with article 156 in lieu of article 163 of the Companies Act.

The purpose of the repurchase program is to acquire the shares owned by Seiun Crown because of the share exchange between the company and Seiun Crown. The repurchases will be done on February 18, 2013. As of February 7, 2013, the company has 5,733,185 shares outstanding (treasury shares excluded) and 141,815 shares held in treasury.