Brother Industries, Ltd. (TSE:6448) announces a share repurchase program. Under the program, the company will repurchase up to 3,061,660 shares, representing 1.15% of its issued share capital, for a total cost of up to ¥4,200 million. Such shares will be repurchased at a price which equals the simple average of the closing value of the common shares of Brother Industries, Ltd. (rounded off to the nearest yen) in the Tokyo Stock Exchange for 5 working days from November 6, 2013 to November 12, 2013.

If the maximum authorization of ¥4,200 million is exceeded, the number of shares to be repurchased will be reduced to fall under the maximum range. Such shares will be repurchased over the counter from Nissei Corporation as it became a consolidated subsidiary of Brother Industries as of January 30, 2013. The plan will expire on November 13, 2013.

As of September 30, 2013, the company has 277,535,866 shares in issue and 10,921,372 shares in treasury.