The Board of Directors of Onex Corporation (JASDAQ:5987) authorized a share repurchase program on March 25, 2013. Under the program, the company will repurchase up to 1,000,000 shares, representing 5.72% of its outstanding shares for ¥131 million. The shares will be repurchased at a price of ¥131 per share based on the closing price of the shares as on March 25, 2013.

The repurchases will be made from the Osaka Securities Exchange in the J-NET market. The shares will be acquired for shareholders' profits. The shares will be repurchased pursuant to Article 165 clause 2 of Corporate Law.

The program will take place on March 26, 2013. As of February 28, 2013, the company has 17,477,600 outstanding shares excluding treasury and 154,000 shares in treasury.