The Board of Directors of Isamu Paint Co., Ltd. (OSE:4624) authorized a share repurchase program on February 27, 2013. Under the program, the company will repurchase up to 395,000 common shares, representing 3.86% of its issued share capital (excluding treasury shares), at a fixed price of ¥370 per share, for a total cost of ¥146.15 million. The repurchases will be done in the Osaka Securities Exchange J-NET treasury.

The purpose of the repurchase program is to implement a flexible capital policy which supports changes in the business environment. Repurchases will be made on February 28, 2013. As of February 27, 2013, the company has 10,241,794 shares outstanding (treasury shares excluded) and 1,758,206 shares held in treasury.