The Board of Directors of Techno Horizon Holdings Co. Ltd. (JASDAQ:6629) authorized a share repurchase program on August 8, 2012. Under the plan, the company will repurchase up to 330,000 common shares, representing 2.39% of the total outstanding shares, at ¥169 per share, for a total cost of ¥55.77 million.

The repurchases will take place in Osaka Securities Exchange J-NET Market on August 9, 2012. The acquisition will be executed if equivalent orders are placed. Due to market conditions, a part or whole share could not be acquired.

The buyback is based in compliance with Article 165, Clause 2, of Japan's Corporate Law. The purpose of the share buyback plan is to conduct a flexible capital policy in compliance with changes in business environment. As of August 8, 2012, the company has 13,805,345 shares (excluding treasury shares) in issue and 7,257,895 shares in treasury.