The Board of Directors of Sato Foods Industries Co., Ltd. (JASDAQ:2814) authorized a share repurchase program on September 21, 2012. Under the program, the company will repurchase up to 3,000 shares, representing 0.03% of its outstanding shares at a price of ¥973 per share, based on the stock price as of September 21, 2012, for ¥2.92 million. The repurchases will be made pursuant to the provisions of article 165, section 2 of the Companies Act on the Osaka Securities Exchange J-NET market.

The purpose of the program is to pursue an agile capital strategy responsive to the changes in the business world. The repurchases will be made on September 24, 2012. As of September 21, 2012, the company has 6,250,025 outstanding shares excluding treasury and 3,076,435 shares in treasury.