OYO Corporation (TSE:9755) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 3.93% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns.

The program will continue through March 24, 2023. As of June 30, 2022, the company had 25,457,637 issued shares (excluding treasury stock) and 1,206,736 treasury shares.