Tokyo Steel Manufacturing Co.,Ltd. (TSE:5423) announces a share repurchase program. Under the program, the company will repurchase up to 2,400,000 shares, representing 2.04% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to carry out agile capital policy.

The program will be valid till September 30, 2022. As of December 31, 2021, the company had 117,908,319 issued shares (excluding treasury stock) and 37,155,930 treasury shares.