OYO Corporation (TSE:9755) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 4.08% of its share capital, for ¥2,000 million. The purpose of program is to enhance shareholder returns and improve capital efficiency.

The program will run until September 30, 2024. As of December 31, 2023, the company had 24,490,085 shares outstanding (excluding treasury shares) and 1,174,288 shares in treasury.