The Board of Directors of Kel Corp. (JASDAQ:6919) authorized a share repurchase program on June 13, 2013. Under the program, the company will repurchase up to 253,000 shares, representing 1.71% of its outstanding share capital, at a price of ¥331 per share, for a total cost of ¥83.74 million. Repurchases will be made in the Osaka Securities Exchange, J-NET Market's treasury share acquisition trading. The purpose of the repurchase program is to implement a flexible capital policy corresponding to changes in the business environment. Repurchases will be made on June 14, 2013. As of June 13, 2013, the company has 14,772,066 shares outstanding and 713,934 shares held in treasury.


Kel Corp.'s share repurchase program expired on June 14, 2013. Under the plan, the company has repurchased 230,000 shares, representing 1.56% at a price of ¥331 per share, for a total cost of ¥76.13 million.