Totoku Electric Co., Ltd. (TSE:5807) announces a share repurchase program. Under the program, the company will repurchase 63,000 shares, representing 0.93% of its share capital, for ¥150 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, and return profits to shareholders. The program will run until March 24, 2020. As of December 31, 2019, the company had 6,795,491 shares outstanding (excluding treasury shares) and 13,297 shares in treasury.