Toho Chemical Industry Company, Limited (TSE:4409) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.41% of its share capital, for ¥156.9 million. The shares will be repurchased at a price of ¥523 per share.

The purpose of the program is to carry out agile capital policies in response to changes in the business environment. The program will expire on May 30, 2022. As of March 31, 2022, the company had 21,328,010 shares in issue (excluding treasury stock) and 21,990 shares in treasury.