TOLI Corporation (TSE:7971) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.63% of its issued share capital (excluding treasury stock), for ¥280 million. The purpose of the program is to improve capital efficiency and implement agile capital policies that respond to changes in the business environment.

The program will run until June 30, 2022. As of January 31, 2022, the company had 61,186,720 shares in issue (excluding treasury stock) and 5,642,529 shares in treasury.