Ohashi Technica Inc. (TSE:7628) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.23% of the outstanding shares (excluding the treasury shares) for ¥500 million. The purpose of the program is to improve shareholder returns and the capital efficiency.

The repurchase program is valid till May 31, 2024. As of September 30, 2023, the company had 13,478,879 issued shares (excluding treasury stock) and 200,081 shares in treasury.