The Board of Directors of Secom Joshinetsu Co., Ltd. (TSE:4342) authorized a share repurchase program on November 15, 2012. Under the program, the company will repurchase up to 1,600,000 shares, representing 12.2% of its outstanding shares excluding treasury shares. The repurchase will amount to ¥3.25 billion. The shares will be repurchased at a price of ¥2,033 per share through purchase orders at the Tokyo Stock Exchange Off-Auction Own Shares Repurchase Trading (ToSTNeT-3). The purpose of the program is to enable the implementation of a flexible and efficient capital policy corresponding to the changes in the business environment. The shares will be repurchased pursuant to Article 165 clause 2 of Corporate Law on November 16, 2012. As of November 15, 2012, the company has 13,109,479 outstanding shares excluding treasury and 22 shares in treasury.


Secom Joshinetsu Co., Ltd.'s share repurchase program expired on November 16, 2012. Under the program, the company has made no repurchases.