Topy Industries, Limited (TSE:7231) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares for ¥226.24 million. The shares will be purchased at a price of ¥1,414 per share.

The purpose of the program is to enable the execution flexible capital policy in reaction to changes in the management environment. The repurchase program is valid till June 8, 2022. As of May 31, 2022, the company had 23,026,588 shares outstanding and 1,050,922 shares in treasury.