The Board of Directors of Muto Seiko Co.,Ltd. (JASDAQ:7927) authorized a share repurchase program on May 10, 2013. Under the program, the company will repurchase up to 80,000 shares, representing 1.1% of its issued share capital, for a total cost of up to ¥50 million. The plan will commence on May 13, 2013 and will continue until August 30, 2013.

As of May 10, 2013, the company has 7,245,088 shares outstanding and 494,460 shares held in treasury.