Otake Corporation (JASDAQ:7434) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 2.41% at a price of ¥1,770 per share, for ¥177 million. The company will make repurchases through ToSTNeT-3 of the Tokyo Stock Exchange.

The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment. As of November 30, 2013, the company has 4,147,992 outstanding shares and 136,508 shares in treasury.