Tokyo Steel Manufacturing Co., Ltd. (TSE:5423) announces a share repurchase program. Under the program, the company will repurchase up to 610,000 shares, representing 0.56% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to implement a flexible capital policy.

The program will be valid till December 31, 2024. As of March 31, 2024, the company had 109,204,938 issued shares (excluding treasury stock) and 45,859,311 treasury shares.