Toenec Corporation (TSE:1946) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 0.75% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to strengthen shareholder returns and improve capital efficiency and to mitigate the impact on the supply and demand of the company's shares.

The program will run until March 24, 2025. As of May 31, 2024, the company had 18,699,218 shares in issue (excluding treasury stock) and 630,772 shares in treasury.