The Board of Directors of Sankyo Tateyama, Inc. (TSE:5932) authorized a share repurchase program on December 25, 2012. Under the program, the company will repurchase up to 2,947 shares, representing 0.01% of the total outstanding shares, at a price of ¥1,561 per share for a total of ¥4.6 million. The repurchase will be made on the Tokyo Stock Exchange.

The repurchase program is in accordance with the provisions of article 234, section 5 of the Companies Act. The company has resolved to repurchase its fractional shares resulting from the allotment of the company's shares in the absorption and merger of Sankyo-Tateyama Holdings, Inc. As of December 1, 2012, the company had 31,554,629 shares outstanding and had 6,360 shares in treasury.