The Board of Directors of Japan Material Co., Ltd. (TSE:6055) authorized a share repurchase program on September 14, 2012. Under the program, the company will repurchase up to 30,000 shares, representing 1.17% of its issued share capital (excluding treasury shares), at a fixed price of ¥1,760 per share, for a total cost of ¥52.8 million. The repurchases will be done at the Tokyo Stock Exchange (ToSTNeT-3).

The repurchases will be done based on Article 165, Clause 3, of Japan's Corporate Law, as interpreted in lieu of Article 156, of Japan's Corporate Law. The purpose of the repurchase program is to be able to conduct a flexible capital policy in compliance with changes in business environment. Due to market conditions, there is a possibility that the number of shares could not be acquired in part or in full.

Repurchases will be made on September 18, 2012. As of September 14, 2012, the company has 2,567,360 shares outstanding (treasury shares excluded) and 100,960 shares held in treasury.