The Board of Directors of Araya Industrial Co., Ltd. (TSE:7305) authorized a share repurchase program on November 22, 2012. Under the program, the company will repurchase up to 400,000 shares, representing 0.71% of its issued share capital, for a total cost of up to ¥50 million. The purpose of the repurchase program is to pursue an agile capital strategy responsive to changes in the business environment.

The plan will commence on November 26, 2012 and will continue until December 21, 2012. As of October 31, 2012, the company has 55,974,709 shares outstanding and 4,478,559 shares held in treasury.