Okinawa Cellular Telephone Company (TSE:9436) announces a share repurchase program. Under the program, the company will repurchase 3,400,100 shares, representing 6.33% of the outstanding shares for ¥9,180.27 million. The purpose of the program is to carry out a flexible capital policy and enhancing the return of profits to shareholders through improving capital efficiency.

The company will use it's own funds to repurchases shares. The program will run until May 30, 2023. As of April 27, 2023, the company had 53,755,800 shares outstanding and 479,586 shares in treasury.