Okinawa Cellular Telephone Company (TSE:9436) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 2.44% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,500 million. The purpose of the program is to enhance the return of profits to shareholders by improving capital efficiency.

The repurchased shares will be cancelled. The program will continue through April 19, 2024. As of June 30, 2023, the company had 49,136,980 issued shares (excluding treasury stock) and 3,186,420 treasury shares.