The Board of Directors of Kyushu Leasing Service Co., Ltd. (FKSE:8596) authorized a share repurchase program on October 25, 2012. Under the program, the company will repurchase up to 6,500,000 shares, representing 21.27% of its issued share capital (excluding treasury shares), at a fixed price of ¥173 per share, for a total cost of ¥1.17 billion. The repurchases will be done on the Off-Floor trading of the Fukuoka Stock Exchange.

The repurchases will be done pursuant to article 459, section 1 of the Companies Act. The purpose of the repurchase program is to implement an agile capital increase responsive to changes in the business world. Repurchases will be made on October 26, 2012.

As of September 30, 2012, the company has 30,561,450 shares outstanding (treasury shares excluded) and 6,581,924 shares held in treasury.