The Board of Directors of Toho Co. Ltd. (TSE:9602) authorized a share repurchase program on January 10, 2012. Under the program, the company will repurchase up to 1,000,000 shares, which represents 0.54% of its issued share capital, for a total cost of up to ¥3 billion. The company will repurchase in order to improve capital efficiency and to be able to conduct a flexible capital policy in compliance with changes in business environment. The plan will run from January 11, 2012 till January 10, 2013. As of December 31, 2011, the company has 185,718,388 shares in issue and 3,272,245 shares in treasury.

Toho Co. Ltd.'s share repurchase program expired on January 8, 2013. Under the program, the company has repurchased 218,100 shares, representing 0.12% of its shares, for ¥286.71 million.