The Board of Directors of Star Mica Co Ltd (JASDAQ:3230) authorized a share repurchase program on January 11, 2013. Under the program, the company will repurchase up to 70,000 shares, representing 0.7% of the total number of outstanding shares. The repurchase will amount to ¥50 million.

The repurchases will be in accordance with the provision of article 459, section 1, Item 1 of the Companies Act. The purpose of the program is to pursue a dynamic strategy responsive to changes in the business world. The repurchases will commence on January 15, 2013, and will end on February 28, 2013.

As of January 10, 2013, the company had 10,000,000 shares outstanding and had 1,196,900 shares in treasury.