The Board of Directors of Ishii Food Co. Ltd. (TSE:2894) authorized a share repurchase program on August 1, 2013. Under the program, the company will repurchase up to 620,000 shares, representing a 3.38% stake of its common stock, at the price of ¥192 per share for a total of ¥119.04 milllion.

The prupose of the plan is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. The company will make repurchases through off auction. The repurchase program will be valid till August 2, 2013.

As of March 31, 2013, the company has 18,356,729 shares outstanding and 35,271 shares in treasury.