The Board of Directors of Riken Technos Corp. (TSE:4220) authorized a share repurchase program on November 26, 2012. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.65% of its outstanding shares for ¥221 million.

The purpose of the program is to enable the implementation of a flexible capital policy which supports the changes in the business environment. The shares will be repurchased pursuant to paragraph 3, Article 165, of Japan's Corporate Law, as interpreted in lieu of Article 156 of Japan's Corporate Law. The program will commence from December 1, 2012 and will continue until May 31, 2013.

As of October 31, 2012, the company has 60,482,214 outstanding shares excluding treasury and 5,631,605 shares in treasury.