Tokai Electronics Co.,Ltd. (NSE:8071) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 4.58% of its share capital, at ¥2,270 per share for ¥227 million. The company will repurchase its shares in order to enable the flexible execution of capital policies in response to changes in the business environment. As of September 30, 2020, the company had 2,182,119 shares outstanding (excluding treasury shares) and 178,144 shares in treasury.