The Board of Directors of Daito Electron Co., Ltd. (TSE:7609) authorized a share repurchase program on February 7, 2013. Under the program, the company will repurchase up to 60,000 shares at a price of ¥366 per share, for a total of ¥21.96 million. The repurchase will be made through Off-auction Own Share Repurchase Trading. The reason behind the buyback is to conduct a flexible capital policy in compliance with changes in business environment. The repurchase will take place on February 8, 2013.

Daito Electron Co., Ltd.'s share repurchase program expired on February 8, 2013. Under the plan, the company repurchased 50,000 shares, at a price of ¥366 per share, for a total of ¥18.3 million.