Osaka Organic Chemical Industry Ltd. (TSE:4187) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 0.71% of its issued share capital (excluding treasury stock), for a total purchase price of ¥475.52 million. The shares will be repurchased at a price of ¥2,972 per share.

The purpose of the program is to improve corporate value by increasing capital efficiency. As of November 30, 2023, the company has 22,410,038 issued shares (excluding treasury stock) and 1,142,585 treasury shares.