Okano Valve Mfg.Co.Ltd. (TSE:6492) announces a share repurchase program. Under the program, the company will repurchase 42,000 shares, representing 2.47% of the outstanding shares for ¥91 million. The shares will be repurchased at a price of ¥2,153 per share.

The purpose of the program is to improve shareholder profits by implementing agile capital policies and improving capital efficiency in response to changes in the business environment. The program will run until February 10, 2022.