The Board of Directors of Toin Corp. (JASDAQ:7923) authorized a share repurchase program on September 28, 2012. Under the program, the company will repurchase up to 120,000 shares, representing 1.88% of its outstanding share capital, at a price of ¥344 per share, for a total cost of ¥41.28 million.

Repurchases will be made in the Osaka Securities Exchange J-NET Market. The purpose of the repurchase program is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. Repurchases will be made on October 1, 2012.

As of September 28, 2012, the company has 5,570,775 shares outstanding and 806,725 shares held in treasury.