The Board of Directors of ARCS Company Limited (TSE:9948) authorized a share repurchase program on January 15, 2013. Under the program, the company will repurchase up to 2,410 shares, representing 0.004% of the total number of outstanding shares excluding treasury shares from JOIS Co., Ltd. The repurchase will amount to ¥4.17 million and will be made at a price of ¥1,731 per share which is the closing price of the company's common shares in the first section of the Tokyo Stock Exchange on January 11, 2013. The repurchase will be made through over-the-counter transaction.

The repurchase program will be in accordance with Article 135, section 3 of the Company Act. The repurchase program is valid until January 22, 2013. As of November 30, 2012, the company had 55,026,674 shares outstanding excluding treasury shares and had 564,764 shares in treasury.