Ohishi Sangyo Co., Ltd. (FKSE:3943) announces a share repurchase program. Under the plan, the company will repurchase up to 500,000 shares, representing 6.23% of outstanding shares (treasury shares excluded) for ¥350 million. The shares will be repurchased on market.

The purpose of repurchase program is to implement a flexible capital policy corresponding to changes in the business environment. The shares will be repurchased until next regular shareholders meeting. As on June 24, 2014, the company has 8,019,452 outstanding shares (treasury shares excluded) and 1,308,548 shares held under treasury.