Japan Power Fastening Co., Ltd.'s Equity Buyback in the amount of ¥45 mm has expired
December 13, 2012 at 11:00 pm EST
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The Board of Directors of Japan Power Fastening Co.ltd (OSE:5950) authorized a share repurchase program on May 9, 2012. Under the program, the company will repurchase up to 300,000 shares, representing 1.73% of its capital for ¥45 million. The purpose of the plan is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. Repurchases will commence on May 10, 2012 and will continue until December 14, 2012. As of April 30, 2012, the company has 17,374,624 shares outstanding (excluding treasury shares) and 1,313,916 shares in treasury.
Japan Power Fastening Co.ltd's share repurchase program expired on December 14, 2012. Under the plan, the company has repurchased 230,000 shares, representing 1.32% of its shares, for ¥27.91 million.
JAPAN POWER FASTENING CO., LTD. is a Japan-based company mainly engaged in the manufacturing and sale of fasteners and tools for architectural applications, including screws, nuts and metal fittings, as well as components for automobiles and home appliances. The Company operates in two business segments. The Architectural Fastener and Tool segment is engaged in the manufacture and sale of fasteners and tools for housing, mainly prefabricated houses, as well as for general construction and civil engineering applications. The Automotive and Home Appliance Parts segment is engaged in the manufacturing and sale of parts and components for automobiles and home appliances in China. The others business includes the operation of real estate leasing business.
JAPAN POWER FASTENING CO.,LTD. 
