Oisix ra daichi Inc. (TSE:3182) announces a share repurchase program. Under the program, the company will repurchase up to 1,825,000 shares, representing 4.99% of its issued shares for ¥3,000 million. The shares will be repurchased at a price of ¥3,070 per share.

The purpose of the program is to return profits to shareholders. The shares repurchased will be used for the future strategic M&A transactions, etc. The company plans to use its own funds to cover the entire cost of the repurchases of its own shares.

The program will expire on October 31, 2024. As of March 31, 2024, the company had 36,557,962 shares outstanding and 1,470,130 shares in treasury.