Tokai Lease Co.,Ltd. (TSE:9761) announces a share repurchase program. Under the program, the company will repurchase up to 10,000 shares, representing 0.29% of its issued share capital (excluding treasury stock), for a total purchase price of ¥13.35 million. The shares will be repurchased at a price of ¥1,335 per share.

The purpose of the program is to enable the execution of flexible capital policies in response to changes in the business environment. As of December 31, 2022, the company had 3,453,532 issued shares (excluding treasury stock) and 40,790 treasury shares.