Okuwa Co., Ltd. (TSE:8217) announces a share repurchase program. Under the program, the company will repurchase 830,000 shares, representing 1.86% of the outstanding shares, at ¥1,111 per share for ¥922.13 million. The purpose of the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy in response to changes in the business environment. As of February 20, 2019, the company had 44,623,932 shares outstanding and 613,365 shares in treasury.