TOKAI Corp. (TSE:9729) announces a share repurchase program. Under the program, the company will repurchase 1,560,000 shares, representing 4.43% of the outstanding shares, for ¥3,3000 million.

The repurchase price per share will be ¥2,076 per share. The purpose of the program is to improve capital efficiency, implement flexible capital policies and shareholder returns in response to changes in the business environment. As of March 31, 2024, the company had 35,206,928 shares outstanding (excluding treasury stock) and 834,418 shares in treasury.