Topy Industries, Limited (TSE:7231) announces a share repurchase program. Under the program, the company will repurchase up to 320,000 shares, representing 1.37% of its issued share capital, for ¥354.88 million. The shares will be purchased at a price of ¥1,109 per share.

The purpose of the program is to carry out agile capital policies that respond to changes in the business environment. The repurchase program is valid till March 2, 2022. As of February 28, 2022, the company had 23,346,800 shares outstanding and 730,710 shares in treasury.