The Board of Directors of Y. S. Food Co., Ltd. (JASDAQ:3358) authorized a share repurchase program on February 25, 2013. Under the program, the company will repurchase up to 1,132 shares, representing 3.03% of its outstanding share capital, at a price of ¥15,810 per share, for a total of ¥17.89 million. The company will make the purchase order in the Osaka Securities Exchange J-NET market.

The purpose of the program is to pursue a dynamic capital strategy responsive to changes in the business environment. The repurchase program is in accordance with article 156 in lieu of article 165, section 3 of the Companies Act. The repurchase will take place on February 26, 2013.

As of February 25, 2013, the company has 37,330 shares outstanding excluding treasury shares and has 1,400 shares in treasury.