OUG Holdings Inc. (TSE:8041) announces a share repurchase program. Under the program, the company will repurchase up to 170,000 shares, representing 3.07% of its issued share capital (excluding treasury stock), for ¥420.24 million. The shares will be repurchased at a price of ¥2,472 per share.

The purpose of the program is to implement a flexible capital policy in response to changes in the business environment.. The program will run until November 25, 2022. As of October 31, 2022, the company had 5,544,990 shares in issue (excluding treasury stock) and 17,302 shares in treasury.