Ohmura Shigyo Co.,Ltd. (JASDAQ:3953) announces a share repurchase program. Under the program, the company will repurchase 1,375,000 shares, representing 28.58% of the outstanding shares for ¥768.75 million. The shares will be repurchased at a price of ¥542 per share.

The purpose of the program is enhancing internal reserves to establish a stable management base. The program will be funded from own funds, but the cash and deposit balance as of the end of December 2021. The repurchased shares will be cancelled.

The program will run until March 14, 2022. As of February 10, 2022, the company had 4,811,676 shares outstanding and 72,324 shares in treasury.