The Board of Directors of Kawasaki Geological Engineering Co., Ltd. (JASDAQ:4673) authorized a share repurchase program on January 18, 2013. Under the program, the company will repurchase up to 100,000 shares, representing 2.33% of its outstanding shares for ¥70 million. The purpose of the program is the pursuit of a dynamic capital strategy responsive to the changes in the business world.

The program is subject to the shareholders' approval at the General Meeting to be held on February 27, 2013. The program will commence from February 27, 2013 and will continue until February 26, 2014. As of January 18, 2013, the company has 4,287,257 shares outstanding excluding treasury and 1,002,643 shares in treasury.