The Board of Directors of Seiko Corporation (JASDAQ:6286) authorized a share repurchase program on June 14, 2013. Under the program, the company will repurchase up to 10,000 shares, representing 0.15% of its outstanding share capital, at a price of ¥506 per share, for a total cost of ¥5.06 million. Repurchases will be made in the J-NET market treasury share trading of Osaka Securities Exchange, based on the stipulations of paragraph 3, Article 165, of Japan's Corporate Law. The purpose of the repurchase program is to enable the implementation of a flexible capital policy which supports changes in the business environment. Repurchases will be made on June 17, 2013. As of June 14, 2013, the company has 6,482,229 shares outstanding and 1,094 shares held in treasury.


Seiko Corporation completed its share repurchase program on June 17, 2013.