Toyo Securities Co., Ltd. (TSE:8614) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 2.4% for up to ¥840 million. The purpose of the program is to implement a flexible capital policy corresponding to changes in the business environment, to improve overall shareholder returns and capital efficiency.

The program will continue till September 30, 2015. As of June 30, 2015, the company had 83,334,376 shares outstanding (excluding treasury shares) and 4,020,877 shares in treasury.