The Board of Directors of Yagami Inc. (NSE:7488) authorized a share repurchase program on March 6, 2013. Under the program, the company will repurchase up to 650,000 common shares, representing 0.95% of its issued share capital (excluding treasury shares), at a fixed price of ¥608 per share, for a total cost of ¥395.2 million. The company will make repurchases through the Off-Auction Own Shares Repurchase Trading (N-NET3) of the Nagoya Stock Exchange. The purpose of the repurchase program is to enable make possible the pursuit of a dynamic capital strategy responsive to changes in the business world. Repurchases will be made on March 7, 2013. As of February 20, 2013, the company has 6,244,787 shares outstanding (treasury shares excluded) and 556,973 shares held in treasury.


Yagami Inc.'s share repurchase program expired on March 7, 2013. Under the plan, the company repurchased 567,000 common shares, representing 9.08% of its issued share capital (excluding treasury shares), at a fixed price of ¥608 per share, for a total cost of ¥344.74 million.