Toa Road Corporation (TSE:1882) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 2.63% of its issued share capital for ¥1,000 million. The purpose of the program is to return profits to shareholders by improving capital efficiency and implementing flexible capital policies.

The program is valid till May 31, 2024. As of May 31, 2023, the company had 9,504,150 issued shares (excluding treasury stock) and 935,896 shares in treasury.