The Board of Directors of Seihyo Company Ltd. (TSE:2872) authorized a share repurchase program on January 11, 2013. Under the program, the company will repurchase up to 150,000 shares, representing 3.52% of the total number of outstanding shares excluding treasury shares. The repurchase will amount to ¥40 million.

The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment. The repurchases will commence on January 15, 2013, and will end on February 21, 2013. As of November 30, 2012, the company had 4,257,222 shares outstanding excluding treasury shares and had 63,588 shares in treasury.