Tokyo Rope Mfg. Co., Ltd. (TSE:5981) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 0.93% of the outstanding shares, for ¥200 million.

The purpose of the program is to improve the value per share, implement flexible capital policies in response to changes in the business environment, and further return profits to our shareholders. The program is valid till May 31, 2024. As of November 30, 2023, the company had 16,082,836 shares outstanding (excluding treasury stock) and 185,406 share in treasury.