Sockets Inc. (TSE:3634) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 1.65% of its issued share capital, for ¥60 million. The company will make market purchases by consignment method.

The purpose of the plan is to allocate shares in exchange to the shareholders of T.C. Factory Co., Ltd. in accordance with the share exchange agreement and in order to raise capital efficiency by the pursuit of a dynamic capital strategy responsive to the business world. The plan will run till February 28, 2014. As of December 31, 2013, the company has 2,421,858 shares outstanding and 142 shares in treasury.