The Board of Directors of Crops Corporation (NSE:9428) authorized a share repurchase program on August 3, 2012. Under the program, the company will repurchase up to 30,000 shares, representing 0.31% of the total outstanding shares (excluding treasury shares). The repurchase will amount to ¥11.43 million. The shares will be repurchased at a price of ¥381 per share, which is the closing price of the shares on August 3, 2012. The repurchases will be pursuant to Article 156 of the Corporate Law of Japan as applied to article 165, Section 3. The repurchase will be made on August 6, 2012. As of August 3, 2012, the company has 9,616,997 outstanding shares (excluding treasury shares) and 1,221,003 shares held in treasury.


Crops Corporation's share repurchase program expired on August 6, 2012. Under the plan, the company has repurchased 20,000 shares, representing 0.21% for ¥7.62 million.