Business Brain Showa-Ota Inc. (TSE:9658) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.82% of its total shares outstanding excluding treasury shares, for a total of ¥210 million. The purpose of the program is to avoid any impact on wages, expand shareholder returns, and improve capital efficiency.

The repurchase program is valid till December 13, 2023. As of October 31, 2023, the company had 12,147,717 shares outstanding excluding treasury shares and had 577,283 shares in treasury.