Tokyo Rope Mfg. Co., Ltd. (TSE:5981) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.23% of the outstanding shares, for ¥300 million.

The purpose of the program is to improve the value per share, implement a flexible capital policy in response to changes in the business environment, and further return profits to our shareholders. The program is valid till May 31, 2023. As of November 30, 2022, the company had 16,268,242 shares outstanding (excluding treasury stock) and 734 share in treasury.