TOYO Corporation (TSE:8151) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 8.44% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of the program is to improve shareholder returns and capital efficiency, and to execute flexible capital policies in response to changes in the business environment.

The program will continue through August 10, 2023. As of July 31, 2022, the company had 23,693,174 issued shares (excluding treasury stock) and 2,391,826 treasury shares.