Toyo Electric Corporation (NSE:6655) announces a share repurchase program. Under the program, the company will repurchase 87,000 shares, representing 2.04% of the outstanding shares, at ¥847 per share for ¥73.69 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and enable flexible capital policy in the future.

As of September 30, 2023, the company had 4,694,475 shares issued including 422,900 shares in treasury.