The Board of Directors of Takamatsu Machinery Co., Ltd. (TSE:6155) authorized a share repurchase program on November 9, 2012. Under the program, the company will repurchase up to 30,000 shares, representing 0.27% of its issued share capital (excluding treasury shares), at a fixed price of ¥427 per share, for a total cost of ¥12.81 million. The repurchases will be done at the Tokyo Stock Exchange Off-Auction Own Shares Repurchase Trading (ToSTNeT-3).

The repurchases will be done based on Article 156, in lieu of Article 165, section 3 of the Company Act. The purpose of the repurchase program is to a flexible capital policy corresponding to changes in the business environment. Due to market conditions, there is a possibility that the number of shares could not be acquired in part or in full.

Repurchases will be made on November 12, 2012. As of September 30, 2012, the company has 10,919,371 shares outstanding (treasury shares excluded) and 100,629 shares held in treasury.