Dkk-Toa Corporation (TSE:6848) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.01% of its share capital, for ¥160 million. The shares will be repurchased at a price of ¥778 per share.

The purpose of the program is to implement a flexible capital policy according to the business environment, and to allocate the funds to shares to be delivered based on the restricted stock remuneration plan to be introduced subject to the approval of proposals at the general meeting of shareholders. The program will expire on February 15, 2023. As of September 30, 2022, the company had 19,832,514 shares in issue (excluding treasury stock) and 48,106 shares in treasury.