The Board of Directors of Ohishi Sangyo Co. Ltd. (FKSE:3943) authorized a share repurchase program on June 26, 2013. Under the program, the company will repurchase up to 500,000 shares, representing 6.04% of its outstanding shares for ¥350 million.

The purpose of the program is to implement a flexible capital policy which supports the changes in the business environment. The shares will be repurchased pursuant to Article 165 Paragraph 2 of the Corporate Law. The program will commence from June 26, 2013 and will continue until the closing of the next Annual Shareholders' Meeting.

As of June 26, 2013, the company has 8,280,112 outstanding shares excluding treasury and 1,047,888 shares in treasury.