Osteonic Co., Ltd. (KOSDAQ:A226400) announces a share repurchase program. Under the program, the company will repurchase up to 176,991 shares pursuant to a contract with NH Investment & Securities. The purpose of the program is to improve shareholder value and to stabilize stock price.

The program will expire on September 14, 2022. As of June 13, 2022, the company had 267,704 shares in treasury within scope available for dividend and had 5,045 shares in treasury through other repurchase.