The Board of Directors of Yoshitake Inc. (JASDAQ:6488) authorized a share repurchase program on June 27, 2013. Under the program, the company will repurchase up to 70,000 shares, representing 1.09% of its common stock, for ¥50 million. The company is repurchasing its shares to make the return of profits to all shareholders, in consideration of the status of its property and the status of the share price.

The repurchases will be made based on the provisions of the Companies Act Article 156 as applied in lieu of Article 165, Section 3 of the same law. The repurchases will commence on July 1, 2013 and will end on September 20, 2013. As of June 27, 2013, the company has 6,445,830 shares outstanding (excluding treasury shares) and holds 521,643 shares in treasury.