TOYO Corporation (TSE:8151) announces a share repurchase program. Under the program, the company will repurchase up to 1,150,000 shares, representing 4.67% of its share capital, at ¥1,179 per share for ¥1,355,85 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy for the realization of its growth strategy, along with aiming to improve capital efficiency and shareholder value. As of January 31, 2019, the company had 24,608,386 shares outstanding (excluding treasury shares) and 1,476,614 shares in treasury.