AJIS Co., Ltd. (JASDAQ:4659) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 1.24% of total number of outstanding shares excluding treasury shares for ¥120 million. The repurchases will be made in order to enable the accomplishment of a flexible capital policy in response to the changes in the business environment.

The repurchases will be made in accordance to the provisions of the Companies Act Article 156 as applied in lieu of Article 165, Section 3 of the same law. The company will make repurchases until March 31, 2014. As of November 30, 2013, the company has 4,841,600 outstanding shares (excluding treasury shares) and 544,000 shares were held under treasury.