TOELL Co., Ltd. (TSE:3361) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, representing 0.1% of its outstanding shares excluding treasury shares, at a price of ¥783 per share for a total of ¥15.66 million. The company will make purchase orders in the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3).

The purpose of the repurchase program is to enable the company to implement a flexible capital policy corresponding to changes in the business environment. As of March 31, 2016, the company had 20,306,250 shares outstanding excluding treasury shares and had 108,790 shares in treasury.