Tokai Senko K.K. (TSE:3577) announces a share repurchase program. Under the program, the company will repurchase up to 90,000 shares, representing 2.77% of its issued share capital (excluding treasury stock), for a total purchase price of ¥130 million. The purpose of the program is to implement agile capital policies in response to changes in the business environment and to increase shareholder profits by improving capital efficiency.

The program will continue through November 21, 2022. As of October 31, 2021, the company had 3,247,300 issued shares (excluding treasury stock) and 366,952 treasury shares.