Announcement Regarding Share Buyback Program

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					JAFCO Co., Ltd. (Ticker: 8595)                                                Contact: Investor Relations
1-8-2 Marunouchi, Chiyoda-ku                                                          Tel: 03-5223-7073
Tokyo 100-0005      Japan                                                            Fax: 03-5223-7561                                                           

                                                                                          April 25, 2008

                          Announcement Regarding Share Buyback Program

JAFCO Co., Ltd. announced today that the Board of Directors has approved a resolution to set up a share
buyback program in accordance with Article 459-1 of Japan’s Corporate Law.

1. Reason for the buyback program
       The Board sees the buyback program as a flexible financial strategy that allows JAFCO to
       respond to changes in the business environment.

2.   Details
         (1) Type of stock:    Common stock
         (2) No. of shares:    2,500,000 shares (upper limit)
                                  (5.3% of outstanding shares excluding treasury stock)
         (3) Amount:           10 billion yen (upper limit)
         (4) Period:           From April 28, 2008 to August 29, 2008

[Reference]      Treasury stock held by JAFCO as of March 31, 2008
                 Outstanding shares (excluding treasury stock): 46,795,357 shares
                 Treasury stock:                                 1,498,979 shares