Toyo Knife Co., Ltd. (TSE:5964) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 2.54% stake at a maximum price of ¥30 million. Shares will be purchased through market purchase by trust method. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The shares will be repurchased till January 31, 2017. As of October 31, 2016, the company had 1,575,072 shares outstanding and 2,228 shares in treasury.