The Board of Directors of Marusan Securities Co., Ltd. (TSE:8613) authorized a share repurchase program on November 2, 2012. Under the program, the company will repurchase up to 1,500,000 shares, representing 2.24% of its issued share capital, for a total cost of ¥450 million. The purpose of the repurchase program is to enable the implementation of a flexible capital policy.

The plan will commence on November 6, 2012 and will continue until December 5, 2012. As of October 31, 2012, the company has 66,858,062 shares outstanding and 2,540,200 shares held in treasury.