Toyo Machinery & Metal Co. Ltd. (TSE:6210) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing a 9.70% of the issued capital at a price of ¥406 per share for a total of ¥812 million.

The shares will be repurchased through the Off-Auction Own Share Repurchase Trading (ToSTNeT-3) method. The purpose of the program is to enable the implementation of a flexible capital policy in response to the changes in the business environment.