Toyo Tec Co. Ltd. (TSE:9686) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 4.22% of its share capital, at ¥932 per share for ¥419.4 million.

The company will repurchase its shares in order to improve capital efficiency and implement agile capital policies in response to changes in the business environment, and to enhance shareholder returns. The program is valid until May 10, 2022. As of March 31, 2022, the company had 10,654,184 shares outstanding (excluding treasury shares) and 785,816 shares in treasury.