The Board of Directors of Nikkato Corp. (TSE:5367) authorized a share repurchase program on March 22, 2013. Under the program, the company will repurchase up to 140,000 shares, at a price of ¥427 per share, for a total cost of ¥59.78 million.

The company will make the repurchases using off-auction own share repurchase method. The shares will be repurchased on March 25, 2013.