TOELL Co., Ltd. (TSE:3361) announces a share repurchase program. Under the program, the company will repurchase up to 420,000 shares representing 2.07% stake, at ¥915 per share, for a total of ¥384.3 million. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment. As of November 30, 2016, the company had 20,297,750 shares outstanding excluding treasury shares, and 117,290 shares in treasury.