TOA Corporation (TSE:1885) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 5.52% of its issued share capital (excluding treasury stock), for ¥2,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will expire on August 31, 2023. As of January 31, 2023, the company had 21,738,534 issued shares (excluding treasury stock) and 756,095 treasury shares.