The Board of Directors of Eiken Industries Co. Ltd. (JASDAQ:7265) authorized a share repurchase program on August 6, 2012. Under the program, the company will repurchase up to 150,000 shares, representing 2.84% of its outstanding shares for ¥45 million.

The purpose of the repurchase program is to enable the implementation of a flexible capital policy. The shares will be repurchased in accordance with the provisions of article 165, section 2 of the Companies Act. The plan will commence on August 7, 2012 and will continue until January 13, 2013.

As of August 6, 2012, the company has 5,283,815 shares outstanding excluding treasury and 1,916,185 shares in treasury.