Okayama Paper Industries Co., Ltd.'s Equity Buyback in the amount of ¥134.4 mm has expired
January 16, 2013 at 11:00 pm EST
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The Board of Directors of Okayama Paper Industries Co., Ltd. (JASDAQ:3892) authorized a share repurchase program on January 16, 2013. Under the program, the company will repurchase up to 400,000 shares, representing 6.34% of its outstanding share capital, at a price of ¥336 per share, for a total of ¥134.4 million. The company will make the purchase consignment in the J-Net market of the Osaka Securities Exchange. The repurchase program will be in accordance with article 156 in lieu of article 165, section 3 of the Companies Act. The purpose of the program is to pursue a dynamic capital strategy responsive to changes in the business world. The repurchase will take place on January 17, 2013. As of January 16, 2013, the company has 6,312,747 shares outstanding excluding treasury shares and has 687,253 shares in treasury.
Okayama Paper Industries Co., Ltd.'s share repurchase program expired on January 17, 2013. Under the program, the company has repurchased 350,000 shares, representing 5.54% for ¥117.6 million.
Okayama Paper Industries CO., Ltd. is a Japan-based company primarily engaged in the manufacture and sale of paper boards and decorative paper boards. The Company operates through two business segments. The Paper Boards segment is engaged in the manufacture and sale of inner base paper used for manufacturing of cardboards, and base paper cores used for papers, clothes, cellophanes, tapes threads and others. The Decorative Paper Boards segment is involved in the manufacture and sale of packaging and gift boxes for fruits and vegetables, food, electrical appliances and others. The Company is also engaged in the sale of products.
OKAYAMA PAPER INDUSTRIES CO., LTD. 
