Seiko Corporation (JASDAQ:6286) announces a share repurchase program. Under the plan, the company will repurchase up to 35,000 shares, representing 0.54% for ¥19.25 million at a price of ¥550 per share (closing share price on December 16, 2015). The shares will be repurchased through Off-auction Own Share Repurchase Trading (ToSTNeT-3).

The shares will be repurchased in order to enable the implementation of a flexible capital policy corresponding to changes in the business environment. The shares will be repurchased accordance with the regulations of Article 156 of the Companies Act, which is applied by replacing the regulations of Article 165 Paragraph 3 of the same Act. As of December 16, 2015, the company has 6,465,154 outstanding shares (treasury shares excluded) and 18,169 shares were held under treasury.