Toell Co.,Ltd. (TSE:3361) announces a share repurchase program. Under the program, the company will repurchase 130,000 shares, representing 0.65% of the outstanding shares, at ¥926 per share for ¥120.38 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of August 31, 2018, the company had 19,920,250 shares outstanding and 494,790 shares in treasury.