OLBA HEALTHCARE HOLDINGS, Inc. (TSE:2689) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 1.99% of its share capital, for ¥221.4 million at a price of ¥1,845 per share. The company will repurchase its shares in order to improve capital efficiency and implement flexible capital policies in response to future changes in the business environment.

The share repurchase program will run until November 1, 2023. As of June 30, 2023, the company had 6,250,000 shares outstanding and 218,150 shares in treasury.