The Board of Directors of Sankyo Frontier Co. Ltd. (JASDAQ:9639) authorized a share repurchase program on May 22, 2012. Under the program, the company will repurchase up to 200,000 shares, representing 0.89% of the total outstanding shares, excluding treasury shares. The repurchase will amount to ¥100 million. The shares will be repurchased on the Osaka Securities Exchange JASDAQ market. The shares will be repurchased in accordance to Article 165, section 2 of the Company Act. The purpose of the program is to enable the company to implement a flexible capital policy which supports changes in the business environment. The program will commence from May 23, 2012 and will continue until September 28, 2012. As of March 31, 2012, the company had 22,403,299 shares outstanding excluding treasury shares and had 953,501 shares in treasury.


Sankyo Frontier Co. Ltd.'s share repurchase program expired on September 28, 2012. Under the program, the company has repurchased 174,000 shares, representing 0.77% for ¥74.99 million.