Tokyo Kiho Co., Ltd. (JASDAQ:7597) announces a share repurchase program. Under the program, the company will repurchase 25,000 shares, representing 5.65% of its share capital, for ¥70 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, improve capital efficiency, and contribute to shareholder returns. The program will run until November 15, 2019. As of September 30, 2019, the company had 442,111 shares outstanding (excluding treasury shares) and 5,745 shares in treasury.