TOELL Co., Ltd. (TSE:3361) announces a share repurchase program. Under the plan, the company will repurchase up to 100,000 shares, representing 0.49% of outstanding shares (treasury shares excluded) for ¥69.5 million at a price of ¥695 per share (closing share price on July 30, 2014). The shares will be repurchased at the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3).

The shares will be repurchased in order to enable the implementation of a flexible capital policy corresponding to changes in the business environment. As of July 29, 2014, the company has 20,406,250 shares outstanding (treasury shares excluded) and 8,790 shares were held in treasury.