Okamoto Industries, Inc. (TSE:5122) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 2.18% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to enhance shareholder returns, improve capital efficiency, and enable future flexible capital policies.

The program will run until December 31, 2022. As of March 17, 2022, the company had 18,340,286 shares outstanding (excluding treasury shares) and 759,081 shares in treasury.