Okinawa Cellular Telephone Company (TSE:9436) announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares, representing 2.9% of its issued share capital (excluding treasury stock), for a total purchase price of ¥4,000 million. The purpose of the program is to enhance return of profits to shareholders through improved capital efficiency.

The repurchased shares will be cancelled. The program will continue through April 18, 2025. As of June 30, 2023, the company had 48,288,234 issued shares (excluding treasury stock) and 934,048 treasury shares.