Okano Valve Mfg.Co.Ltd. (TSE:6492) announces a share repurchase program. Under the program, the company will repurchase 62,000 shares, representing 3.74% of the outstanding shares for ¥200 million. The shares will be repurchased at a price of ¥2,833 per share.

The purpose of the program is to improve shareholder returns by executing a flexible capital policy that responds to changes in the business environment and improving capital efficiency. The program will run until February 10, 2023.