O.B.System Inc. (TSE:5576) announces a share repurchase program. Under the program, the company will repurchase up to 65,000 shares, representing 2.75% of its issued share capital (excluding treasury stock), for ¥165.3 million. The shares will be repurchased at a price of ¥2,543 per share.

The purpose of the program is to carry out agile capital policies and return profits to shareholders in response to future changes in the business environment. The program will run until March 18, 2024. As of February 29, 2024, the company had 2,367,000 shares in issue (excluding treasury stock) and no shares in treasury.