Business Brain Showa-Ota Inc. (TSE:9658) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 6.32% of its total shares outstanding (excluding treasury shares), for a total of ¥1,000 million. The purpose of repurchase program is to execute a flexible capital policy in the future, improve capital efficiency and shareholder returns.

The repurchase program is valid till October 31, 2023. As of September 30, 2022, the company had 12,664,524 shares outstanding (excluding treasury shares) and had 60,476 shares in treasury.