The Board of Directors of Focus Systems Corporation (JASDAQ:4662) authorized a share repurchase program on August 9, 2012. Under the program, the company will repurchase up to 50,000 shares, representing 0.7% of its outstanding share capital, at a price of ¥560 per share, for a total cost of ¥28 million. Repurchases will be made in the J-NET market of the Osaka Securities Exchange. The company will carry out the purchase with sales orders corresponding to the number of shares planned to be acquired. The purpose of the repurchase program is to pursue a flexible capital strategy that can respond to changes in the business world. Repurchases will be made on August 10, 2012. As of August 9, 2012, the company has 7,130,171 shares outstanding and 1,016,300 shares held in treasury.


Focus Systems Corporation completed its share repurchase program on August 10, 2012.