Okuwa Co., Ltd. (TSE:8217) announces a share repurchase program. Under the program, the company will repurchase up to 2,200,000 shares, representing 5.01% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of repurchase program is to increase the shareholder value.

The repurchase program is valid till April 2, 2025. As of February 20, 2024, the company had 43,892,066 shares outstanding excluding treasury shares and had 1,345,231 shares in treasury.