Toa Road Corporation (TSE:1882) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 3.95% of its share capital, for ¥700 million. The company will repurchase its shares in order to further enhance return of profits to all shareholders by improving capital efficiency and implementing a flexible capital policy. The program will run until December 31, 2020. As of April 30, 2020, the company had 5,067,667 shares outstanding (excluding treasury shares) and 152,356 shares in treasury.