Oie Sangyo Co., Ltd. (TSE:7481) announces a share repurchase program. Under the program, the company will repurchase up to 880,100 shares, representing 9.51% of its issued share capital (excluding treasury stock), for ¥1,519.93 million. The purpose of the program is to flexibly return profits to the shareholders and to implement flexible capital policy.

The program will be funded from the company?s own funds. The program is valid till January 31, 2024. As of September 30, 2023, the company had 9,255,000 shares issued (excluding treasury stock) and had 207,520 shares in treasury.