Lihit Lab. Inc. (OSE:7975) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 5.63% of its outstanding share capital, for a total cost of up to ¥200 million.

The purpose of the repurchase program is to implement a flexible capital policy corresponding to changes in the business environment. Repurchases will commence on July 23, 2013 and will expire on August 30, 2013. As of June 28, 2013, the company has 17,747,613 shares outstanding and 1,330,887 shares held in treasury.