The Board of Directors of Secom Joshinetsu Co., Ltd. (TSE:4342) authorized a share repurchase program on November 15, 2012. Under the program, the company will repurchase up to 1,600,000 shares, representing 12.2% of its outstanding shares excluding treasury shares. The repurchase will amount to ¥3.25 billion.

The shares will be repurchased at a price of ¥2,033 per share through purchase orders at the Tokyo Stock Exchange Off-Auction Own Shares Repurchase Trading (ToSTNeT-3). The purpose of the program is to enable the implementation of a flexible and efficient capital policy corresponding to the changes in the business environment. The shares will be repurchased pursuant to Article 165 clause 2 of Corporate Law on November 16, 2012.

As of November 15, 2012, the company has 13,109,479 outstanding shares excluding treasury and 22 shares in treasury.