Toabo Corporation (TSE:3204) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 2.24% of its issued share capital, for ¥ 100 million. The purpose of the program is to carry out flexible capital policy in response to changes in the business environment, and to carry out exchanges under the restricted stock compensation system.

The program is valid till June 30, 2024. As of December 31, 2023, the company had 8,917,801 shares (excluding treasury stock) and 22,647 shares in treasury.