Odawara Engineering Co., Ltd. (JASDAQ:6149) announces a share repurchase program. Under the program, the company will repurchase up to 290,000 shares, representing 4.92% of its issued share capital for ?832.01 million. The shares will be repurchased at a price of ?2,869 per share from the shareholder who inherited shares from the Late Takayuki Tsugawa. The purpose of the program is to enable flexible capital policy implementation in response to future changes in the business environment. The program is valid till November 12, 2021. As of September 30, 2021, the company had 5,892,326 shares issued (excluding treasury stock) and 500,410 shares in treasury.