The Board of Directors of Universal Engeisha Co.,Ltd (JASDAQ:6061) authorized a share repurchase program on May 24, 2013. Under the program, the company will repurchase up to 55,000 shares, representing 4.38% of the total shares outstanding for ¥153.45 million. The shares will be repurchased at a price of ¥2,790 per share, at the closing price (including the final special bid) on May 24, 2013.

The repurchase will be made on Osaka Securities Exchange J-NET market. The purchase will be carried out with sale order equivalent to the number of shares to be acquired. The company will make repurchases to enable the implementation of a flexible capital policy in response to changes in the business environment.

The repurchases will be made on the provisions of the Companies Act Article 156 as applied in lieu of Article 165, Section 3 of the same law. Repurchase will be made on May 27, 2013.