Toho Co., Ltd. (TSE:9602) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.11% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to improve capital efficiency, and implement a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until February 28, 2019. As of December 31, 2018, the company had 180,184,657 shares outstanding (excluding treasury shares) and 8,805,976 shares in treasury.