The Board of Directors of Takase Corp. (JASDAQ:9087) authorized a share repurchase program on August 9, 2013. Under the program, the company will repurchase up to 50,000 shares, representing 0.5% of its outstanding shares for ¥15 million.

The repurchases will be made on the open market through the JASDAQ market of the Osaka Securities Exchange. The purpose of the program is to make possible the pursuit of a dynamic capital strategy responsive to changes in the business world. The program will commence from August 10, 2013 and will continue till March 31, 2014.

As of July 31, 2013, the company had 10,045,387 outstanding shares, excluding treasury and 499,746 shares were held in treasury.