Okuma Corporation (TSE:6103) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 3.25% of its total shares outstanding excluding treasury shares, for a total of ¥4,000 million. The purpose of repurchase program is to return profits to shareholders and to enable the execution of flexible capital policies in response to changes in the business environment.

The repurchase program is valid till April 30, 2024. As of December 31, 2023, the company had 30,811,219 shares outstanding excluding treasury shares and had 2,943,935 shares in treasury.