The Board of Directors of Eiken Industries Co. Ltd. (JASDAQ:7265) authorized a share repurchase program on January 30, 2013. Under the program, the company will repurchase up to 150,000 shares, representing 2.91% of its issued share capital, for a total cost of ¥60 million.

The company will repurchase the shares based on the articles of incorporation in Article 165, section 2 of the Company Act, to enable the implementation of a flexible capital policy. The plan will commence on February 1, 2013 and will continue until July 24, 2013. As of January 30, 2013, the company has 5,148,815 shares outstanding and 2,051,185 shares held in treasury.