Otake Corporation (JASDAQ:7434) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 1.74% of its share capital, at ¥1,636 per share for ¥114.52 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. As of May 31, 2019, the company had 4,027,942 shares outstanding (excluding treasury shares) and 256,558 shares in treasury.