Onoken Co., Ltd. (TSE:7414) announces a share repurchase program. Under the program, the company will repurchase 800,000 shares, representing 3.66% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to mitigate the short-term impact on the supply and demand of its shares resulting from the issuance of yen-denominated convertible bonds with warrants maturing in 2025, facilitate smooth financing, improve capital efficiency, and enhance shareholder returns. The program will run until February 28, 2020. As of December 31, 2019, the company had 21,859,211 shares outstanding (excluding treasury shares) and 501 shares in treasury.