Otake Corporation (JASDAQ:7434) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, representing 3.13% of the issued share capital, at a price of ¥1,730 per share, for ¥224.9 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 changes in the business environment. As of November 30, 2013, the company had 4,147,992 shares outstanding excluding treasury shares and had 136,508 shares in treasury.