The Board of Directors of Toyo Gosei Co. Ltd. (JASDAQ:4970) authorized a share repurchase program on November 16, 2012. Under the program, the company will repurchase up to 15,100 shares, representing 0.19% of its outstanding share capital, at a price of ¥380 per share, for a total cost of ¥5.74 million. Repurchases will be made through Osaka Securities Exchange J-NET Market. The purpose of the repurchase program is to acquire shares based on the provision of articles of incorporation to implement a flexible capital policy which supports changes in the business environment. The company will make repurchases on November 19, 2012. As of November 16, 2012, the company has 8,143,390 shares outstanding excluding treasury and 190,867 shares held in treasury.

Toyo Gosei Co. Ltd.'s share repurchase program expired on November 19, 2012. Under the plan, the company has made no repurchases.