Okuma Corporation (TSE:6103) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 1.61% of the outstanding shares for ¥2,000 million. The purpose of the program is to return profits to shareholders and implement agile capital policies in response to changes in the business environment.

The program will run until April 28, 2023. As of December 31, 2022, the company had 31,150,647 shares in issue (excluding treasury stock) and 2,604,507 shares in treasury.