The Board of Directors of Nagahori Corporation (TSE:8139) authorized a share repurchase program on February 1, 2013. Under the program, the company will repurchase up to 500,000 shares, representing 3.21% of its outstanding shares for ¥150 million. The company is repurchasing its shares to pursue a dynamic capital strategy responsive to the changes in the business world and to return shareholders' investment.

The company will make the repurchases in accordance to Article 165 clause 2 of Corporate Law. The program will commence from February 4, 2013 and will end on March 29, 2013. As of December 31, 2012, the company had 15,567,321 outstanding shares excluding treasury and 1,206,055 shares in treasury.