Toyokumo, Inc. (TSE:4058) announces a share repurchase program. Under the program, the company will repurchase up to 137,000 shares, representing 1.35% of its issued share capital (excluding treasury stock), for a total purchase price of ¥199.47 million. The shares will be repurchased at a price of ¥1,456 per share.

The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. As of September 15, 2022, the company has 10,162,000 issued shares (excluding treasury stock) and 110 treasury shares.