Tokyo Steel Manufacturing Co., Ltd. (TSE:5423) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 0.5% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to carry out flexible capital policy.

The program will be valid till June 30, 2024. As of December 31, 2023, the company had 109,755,101 issued shares (excluding treasury stock) and 45,309,148 treasury shares.