The shareholders of Sinyo Corporation authorized a share repurchase program at its Extraordinary General Meeting on September 29, 2011. Under the program, the company will repurchase up to 1,600,000 shares. The plan will be valid for 1 year.
As part of the program, the company will repurchase up to 1,283,000 shares, representing 44.39% of its outstanding share capital. Repurchases will be made from Meiji Machine Co., Ltd. (TSE:6334) in December 2011. Upon completion, Meiji Machine will no longer hold any stake in Sinyo Corporation.
On December 20, 2011, Sinyo Corporation completed its share repurchase from Meiji Machine Co., Ltd.
Sinyo Corporation's share repurchase program expired on September 29, 2012.
Meiji Machine Co., Ltd. is a Japan-based company mainly engaged in the industrial machinery-related business, solar-related business, and real estate-related business. The Company operates through three business segments. The Industrial Machinery segment manufactures and sells flour milling, compound feed and other industrial machinery. The main products include a set of milling equipment such as roll machines, millstones, purifiers and others, complete feed production equipment such as roll mill, hammer mill, selective equipment and others, other industrial machines such as various crushing roll machines, hammer mills and others. The Solar-Related segment is involved in the sale of solar power generation system equipment, the sale, installation and maintenance solar power generation facilities, as well as the provision of solutions for carbon-free.
MEIJI MACHINE CO., LTD. 
