The Board of Directors of Yuke's Co., Ltd. (JASDAQ:4334) authorized a share repurchase program on February 13, 2013. Under the program, the company will repurchase up to 1,552,000 shares, representing 16% of its issued share capital, at a price of ¥261 per share, for a total cost of ¥405.07 million. Such shares will be repurchased from THQ Inc. Repurchases will be made via an over-the-counter transaction.

The purpose of the plan is to settle claims owed to THQ by the company. Repurchases will be made on February 20, 2013.