Tokura Corporation (NSE:1892) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 1.91% of its issued share capital (excluding treasury stock), for ¥150.4 million. The shares will be repurchased at a price of ¥3,760 per share.

The purpose of the program is to implement flexible capital policies in response to changes in the business environment and improve capital efficiency. The program will run until February 19, 2024. As of February 16, 2024, the company had 2,098,782 shares in issue (excluding treasury stock) and 108,503 shares in treasury.