The Board of Directors of F&A Aqua Holdings, Inc. (TSE:8008) authorized a share repurchase program on January 8, 2013. Under the program, the company will repurchase up to 200,000 common shares, representing 0.7% of its issued share capital (excluding treasury shares), for a total cost of ¥200 million. The repurchases will be done in accordance with Article 165.3 of the Corporations Law applied under Article 156 of the Corporations Law.

The purpose of the repurchase program is to acquire treasury stock was made to facilitate the implementation of a flexible capital policy in response to changes in the company's operating environment. The plan will commence on January 9, 2013 and end on February 28, 2013. As of December 31, 2012, the company has 28,753,658 shares outstanding (treasury shares excluded) and 577,698 shares held in treasury.