Shinto Company Limited will seek shareholder approval for a share repurchase program at its General Meeting to be held on September 26, 2013. Under the program, the company will repurchase up to 440,960 shares, representing 10.6% of its issued share capital, for a total cost of up to ¥150 million. The company was approached by its largest shareholder, Ishiwa Y.K., to sell the company's shares that it owns.

The purpose of the repurchase program is to improve capital efficiency and promote shareholder returns. The plan will commence on September 30, 2013 and will continue until June 30, 2014. As of August 27, 2013, the company has 3,981,638 shares outstanding and 176,779 shares held in treasury.