Toa Valve Engineering Inc. (TSE:6466) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 3.2% for ¥87 million at a price of ¥999 per share. The shares will be repurchased through off-auction own share repurchase trading. The purpose of the program is to enhance capital efficiency and enable the implementation of a flexible capital policy in response to changes in the business environment. As of August 31, 2016, the company had 2,334,244 shares outstanding and 344,356 shares in treasury.