Osaka Organic Chemical Industry Ltd. (TSE:4187) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.34% of its issued share capital (excluding treasury shares), for a total of ¥600 million. The purpose of repurchase program is to improve corporate value by increasing capital efficiency.

The repurchase program is valid till September 30, 2022. As of May 31, 2022, the company had 22,410,038 shares outstanding and had 603,017 shares in treasury.