The Board of Directors of Techno Alpha Co. Ltd. (JASDAQ:3089) authorized a share repurchase program on June 28, 2013. Under the program, the company will repurchase up to 120,000 shares, representing 5.67% for ¥150 million.

The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment and for future M&A share exchanges. Shares will be repurchased to enable the implementation of a mobile capital policy corresponding to changes in the business environment. The shares will be repurchased pursuant to Article 165 clause 2 of Corporate Law.

The program will commence from July 1, 2013 and will terminate on July 31, 2013. As of June 28, 2013, the company has 2,115,890 outstanding shares and 200,110 shares in treasury.