The Board of Directors of Ohki Co., Ltd. (JASDAQ:8120) authorized a share repurchase program on June 5, 2013. Under the program, the company will repurchase up to 1,500,000 shares, representing 12.5% of the total shares outstanding (excluding treasury shares) for ¥900 million. The company will make repurchases to enable the implementation of a flexible capital policy in response to changes in the business environment.

The repurchases will be made on the provisions of the Companies Act Article 156 as applied in lieu of Article 165, Section 3 of the same law. The company will make repurchases from June 5, 2013 till June 4, 2014. As of May 31, 2013, the company has 12,004,344 shares outstanding (excluding treasury shares) and 567,756 shares were held under treasury.