Okamura Corporation (TSE:7994) announces a share repurchase program. Under the program, the company will repurchase 3,500,000 shares, representing 3.57% of the outstanding shares for ¥5,600 million. The shares will be repurchased at a price of ¥ 1,320 per share.

The purpose of the program is to enable the execution of flexible capital policies in response to changes in the business environment. The program will run until March 16, 2023. As of February 28, 2023, the company had 97,920,590 shares outstanding and 2,700,431 shares in treasury.