Oiles Corporation (TSE:6282) announces a share repurchase program. Under the program, the company will repurchase up to 650,000 shares, representing 2.07% of its share capital, for ¥1,000 million. The purpose of the program is to strengthen shareholder returns and improve capital efficiency.

The program will expire on August 31, 2023. As of March 31, 2023, the company had 31,471,534 shares in issue (excluding treasury stock) and 2,828,971 shares in treasury.