Toda Corporation (TSE:1860) announces a share repurchase program. Under the program, the company will repurchase up to 7,000,000 shares, representing 2.28% of its share capital for ¥5,000 million. The purpose of the program is to enhance shareholder returns and implement flexible capital policies.

The share repurchase program will run until December 31, 2024. As of September 30, 2023, the company had 307,039,438 shares outstanding and 15,617,358 shares in treasury.