The Board of Directors of Endo Manufacturing Co. Ltd. (JASDAQ:7841) authorized a share repurchase program on November 2, 2012. Under the program, the company will repurchase up to 200,000 shares, representing 2.27% of its issued share capital, for a total cost of up to ¥100 million.

The purpose of the repurchase program is to enhance capital efficiency and to be able to conduct a flexible capital policy. The plan will commence on November 5, 2012 and will continue until January 31, 2013. As of November 2, 2012, the company has 8,801,622 shares outstanding and 640,178 shares held in treasury.