The Board of Directors of Okato Holdings Inc. (JASDAQ:8705) authorized a share repurchase program on February 10, 2012. Under the program, the company will repurchase up to 600,000 shares, representing 7.13% of its issued share capital (excluding treasury shares), for a total cost of ¥200 million. The repurchases will be based on the provision of articles of incorporation from the regulations of Article 165 paragraph 2 of Japan's Corporate Law. The purpose of the repurchase program is to improve shareholder value and to carry out a flexible capital policy which supports changes in the business environment in the future. The plan will commence on February 13, 2012 and end on January 31, 2013. As of February 10, 2012, the company has 8,411,676 shares outstanding (treasury shares excluded) and 1,553,371 shares held in treasury.

Okato Holdings Inc.'s share repurchase program expired on January 31, 2013. The company has made no repurchases.