PROTO CORPORATION ("the Company") hereby announces that, at a meeting of its Board of Directors held on August 18, 2015, the Company has authorized the repurchase of shares of its common stock pursuant to Article 156 of the Corporation Law of Japan, as applied pursuant to Paragraph 3, Article 165 of the Corporation Law, as described below.
1.Reasons for Share Repurchases
To improve capital efficiency and enable the Company to flexibly exercise its capital policy in response to the changing managerial environment.
2.Details of Repurchases
(1)Class of shares to be repurchased：Common stock
(2)Total number of shares to be repurchased：Up to 150 thousand shares (Ratio to the number of outstanding shares (excluding treasury stock): 0.73%)
(3)Aggregate repurchase amount：Up to 200 million yen
(4)Period for repurchases：August 24, 2015 to September 18, 2015
Number of treasury stock (as of June 30, 2015)
Number of outstanding shares (excluding treasury stock)：20,322,550 shares
Number of treasury stock：617,450 shares