Tiemco Ltd. (JASDAQ:7501) announces a share repurchase program. Under the plan will repurchase up to 350,000 shares, representing 12.41% of outstanding shares, at a price of ¥547 per share for a total of ¥191.45 million. Repurchases will be made through off-hours treasury share trading (ToSTNeT-3).

The purpose of the repurchase program is to implement a flexible capital policy in response to changes in the business environment. Repurchases will be in accordance with the provision of articles of incorporation from the regulations of Article 165 Clause 2 of the Companies Act.