Tone Co., Ltd. (TSE:5967) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.43% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to enable execution of flexible capital policy in response to changes in the business environment.

The program will continue through May 31, 2024. As of May 31, 2023, the company had 11,650,880 issued shares (excluding treasury stock) and 62,120 treasury shares.