Okamoto Industries, Inc. (TSE:5122) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.14% of its share capital, for ¥1,000 million. The purpose of repurchase program is to enhance shareholder returns, improve capital efficiency and to enable a flexible capital policy in the future.

The repurchase program is valid till September 30, 2024. As of November 10, 2023, the company has 17,558,019 shares outstanding (excluding treasury shares) and has 541,348 shares in treasury.