Okamura Corporation (TSE:7994) announces a share repurchase program. Under the program, the company will repurchase 1,300,000 shares, representing 1.31% of the outstanding shares for ¥1,950 million. The shares will be repurchased at a price of ¥ 1,182 per share.

The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. The program will run until March 17, 2022. As of February 28, 2022, the company had 99,180,851 shares outstanding and 1,440,170 shares in treasury.