The Board of Directors of Cybozu, Inc. (TSE:4776) authorized a share repurchase program on June 25, 2013. Under the program, the company will repurchase up to 35,000 shares, representing 7.3% shares outstanding for ¥600 million. The purpose of repurchase shares is maintaining dynamic capital strategy responsive to changes in the business world.

The repurchases will be made accordance with Article 156 as applied in lieu of Article 165, Section 3 of the same law. The company will make repurchases from July 1, 2013 till August 30, 2013. As of June 25, 2013, the company has 527,578 shares outstanding and 47,881 shares were held under treasury.