The Board of Directors of Mystar Engineering Corp. (TSE:4695) authorized a share repurchase program on February 22, 2013. Under the program, the company will repurchase up to 450,000 shares, at a price of ¥492 per share, for a total of ¥221.4 million.

The shares will be repurchased using off-auction own share repurchase method. The repurchases will be made on February 25, 2013.