TOLI Corporation (TSE:7971) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.66% of its issued share capital (excluding treasury stock), for ¥400 million. The purpose of the program is to improve capital efficiency and implement flexible capital policies in response to changes in the business environment.

The program will run until December 29, 2023. As of October 31, 2023, the company had 60,185,636 shares in issue (excluding treasury stock) and 6,643,613 shares in treasury.