The Board of Directors of Takase Corp. (JASDAQ:9087) authorized a share repurchase program on December 18, 2012. Under the program, the company will repurchase up to 70,000 shares, representing 0.69% of its outstanding shares for ¥17.5 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 implement a flexible capital policy which supports the changes in the business environment. Also, the Board announced the repurchase of 41,000 shares, representing 0.41% at a price of ¥210 per share for ¥8.61 million through the J-NET Market of the Osaka Securities Exchange. The plan will take place on December 19, 2012. The repurchases will be made pursuant to paragraph 3, Article 165, of Japan's Corporate Law. The program will commence from December 19, 2012 and will continue till March 31, 2013. As of November 30, 2012, the company had 10,116,548 outstanding shares, excluding treasury and 428,585 shares in treasury.

The repurchases as to be made on the J-NET market was completed on December 19, 2012. Under the plan, the company repurchased 41,000 shares, representing 0.41%, at a price of ¥210 per share, for ¥8.61 million. As of February 28, 2013, the company repurchased 61,000 shares, representing 0.6% for ¥13.11 million.

Takase Corp.'s share repurchase program expired on March 31, 2013.