okasan securities group inc shares were indicated sharply higher monday morning after the japanese brokerage said it plans to spend at least 10 billion yen 77 million a year for buybacks to boost its share price shares were indicated 20 higher at y481 the upper end of the days trading range no shares have changed hands since buy orders overwhelmed sell orders okasan said after fridays market close that it will buy back y10 billion of shares or more annually over the next five years until the pricetobook rationow around 056 according to quickexceeds 10 the brokerage also said it aims to return at least 50 of its net profit to shareholders through dividends and buybacks up from 295 for the fiscal year ended march 2022 okasan said it wants to improve its marketing capabilities branding and online services and aims to achieve y10 trillion in assets under management compared with y65 trillion at the end of december