The Board of Directors of Hokuriku Electrical Construction Co. Ltd. (TSE:1930) authorized a share repurchase program on July 31, 2012. Under the program, the company will repurchase up to 100,000 shares, representing 0.43% of its issued share capital (excluding treasury shares), for a total cost of ¥25 million. The repurchases will be done based on the stipulations of paragraph 3, Article 165, of Japan's Corporate Law, as interpreted in lieu of Article 156 of Japan's Corporate Law. The purpose of the repurchase program is to implement a flexible capital policy which supports changes in the business environment. The plan will commence on August 1, 2012 and end on September 20, 2012. As of June 30, 2012, the company has 23,466,766 shares outstanding (treasury shares excluded) and 1,503,227 shares held in treasury.

Hokuriku Electrical Construction Co. Ltd. completed the share repurchase program on September 20, 2012. Under the program, the company has repurchased 100,000 shares, representing 0.43% for ¥22.48 million.