The Board of Directors of Takase Corp. (JASDAQ:9087) authorized a share repurchase program on August 9, 2012. Under the program, the company will repurchase up to 50,000 shares, representing 0.5% of its outstanding share capital, excluding treasury shares.

The repurchase will amount to ¥12.5 million. The repurchases will be made on the open market through Jasdaq market of the Osaka Securities Exchange. The repurchases will be based on Article 165, Clause 3, of Japan's Corporate Law, as interpreted in lieu of Article 156, of Japan's Corporate Law.

The repurchase program will commence on August 10, 2012, and will continue until March 31, 2013. As of July 22, 2012, the company had 6,985,643 shares outstanding, excluding treasury shares, and has 573,643 shares in treasury.