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Trend Micro Announces Share Buyback Program (Under the Provisions of the Articles of Incorporation Pursuant to Article 165(2) of the Corporation Law of Japan)

Trend Micro, Inc.
2007-03-20 13:36 969

TOKYO, March 20 /Xinhua-PRNewswire-FirstCall/ -- Trend Micro (TSE: 4704; Nasdaq: TMIC), a leader in network antivirus and Internet content security software and services, today announced that its Board of Directors approved share buyback under Article 156 of the Corporation Law of Japan, as applied pursuant to Article 165(3) of the Corporation Law as described below:

1. Reason for Share Buyback

In order to respond to the changing business environment, we are implementing a flexible capital budgeting policy.

2. Details of the Program

(1) Class of Capital Stock to be Purchased: Shares of Common Stock

(2) Number of Shares to be Purchased: Up to 1 million shares (0.75% of

the total outstanding shares)

(3) Total Purchase Price: Up to 3.2 billion yen

(4) Schedule: From March 22, 2007 to March 30, 2007

(5) Purchase method: Transactions through the Tokyo Stock Exchange

Note: As of February 28, 2007

Total number of outstanding shares(excluding treasury shares):

132,871,659 shares

Total number of treasury shares:

4,496,845 shares

Notice Regarding Forward-looking Statements

Certain statements that we make in this release are forward-looking statements. These forward-looking statements are based upon management's current assumptions and beliefs in light of the information currently available to it, but involve known and unknown risks and uncertainties. Many important factors could cause our actual results to differ materially from those expressed in our forward-looking statements. These factors include:

-- Difficulties in addressing new virus and other computer security

problems

-- Timing of new product introductions and lack of market acceptance for

our new products

-- The level of continuing demand for, and timing of sales of, our

existing products

-- Rapid technological change within the antivirus software industry

-- Changes in customer needs for antivirus software

-- Existing products and new product introductions by our competitors

and the pricing of those products

-- Declining prices for products and services

-- The effect of future acquisitions on our financial condition and

results of operations

-- The effect of adverse economic trends on our principal markets

-- The effect of foreign exchange fluctuations on our results of

operations

-- An increase in the incidence of product returns

-- The potential lack of attractive investment targets and

-- Difficulties in successfully executing our investment strategy

We assume no obligation to update any forward-looking statements. For more details regarding risk factors relating to our future performance, please refer to our filings with the U.S. Securities and Exchange Commission.

About Trend Micro, Inc.

Trend Micro, Inc. is a leader in network antivirus and Internet content security software and services. The Tokyo-based corporation has business units worldwide. Trend Micro products are sold through corporate and value-added resellers and managed service providers. For additional information and evaluation copies of all Trend Micro products, visit our Web site, http://www.trendmicro.com .

Trend Micro, the t-ball logo, OfficeScan, PC-cillin, and VirusWall are trademarks or registered trademarks of Trend Micro Incorporated. TrendLabs is a service mark of Trend Micro Incorporated. All other company or product names may be trademarks or registered trademarks of their owners.

For additional Information

Mr. Mahendra Negi

Chief Operating Officer / Chief Financial Officer / IR Officer

Phone: +81-3-5334-4899

Fax: +81-3-5334-4874

Email: ir@trendmicro.co.jp

Source: Trend Micro, Inc.
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