TOW Co.,Ltd. (TSE:4767) announces a share repurchase program. Under the program, the company will repurchase up to 5,500,000 shares, representing 12.1% of its issued share capital, for ¥1,694 million. The shares will be repurchased at a price of ¥308 per share.

The purpose of the program is to flexibly implement capital policies in response to changes in the business environment. As of June 30, 2022, the company had 45,472,344 shares issued and 3,496,752 shares in treasury.