The Board of Directors of Lapine Co., Ltd. (TSE:8143) authorized a share repurchase program on November 5, 2012. Under the program, the company will repurchase up to 500,000 shares, representing 1.97% of the total outstanding shares at a price of ¥77 per share for ¥38.5 million. The shares will be acquired through the purchase orders from the Tokyo Stock Exchange Closing Price Trading (ToSTNeT-2).

The purpose of the program is to enable the implementation of a flexible capital policy corresponding to the changes in the business environment. The shares will be repurchased pursuant to Article 165, section 2 of the Company Act. The program will take place on November 6, 2012.

As of November 2, 2012, the company has 25,318,929 outstanding shares excluding treasury and 2,351,713 shares in treasury.