OSG Corporation (TSE:6136) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 15.63% of its issued share capital (excluding treasury stock), for ¥22,000 million. The purpose of the program is improving capital efficiency, corporate structure and corporate value in order to achieve future growth.

The program will run until November 29, 2024. As of November 30, 2023, the company had 95,980,693 shares in issue (excluding treasury stock) and 3,201,824 shares in treasury.