Oie Sangyo Co., Ltd. (TSE:7481) announces a share repurchase program. Under the program, the company will repurchase up to 214,600 shares, representing 2.32% of the total number of outstanding shares (treasury shares excluded) for an aggregate of ¥211.10 million at a price of ¥830 per share (today's closing share price). The repurchase will be made at the Tokyo Stock Exchange through Off-Auction Own Share Repurchase Trading.

The company will make repurchases in order to implement a flexible capital policy corresponding to changes in the business environment. As of February 28, 2014, the company held 9,251,320 outstanding shares (treasury shares excluded) and 3,680 shares were held under treasury.