Toyo Drilube Co., Ltd. (TSE JASDAQ:4976) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 3% of its outstanding shares for TWD 660.66 million. The shares will be repurchased at a price, ranging from TWD 33 per share to TWD 48 per share.

The repurchases will continue till May 2, 2014.