TOLI Corporation (TSE:7971) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 0.80% stake at a price of ¥195 per share for ¥97.5 million. The shares will be repurchased on the Tokyo Stock Exchange, Inc. through the off-auction own share repurchase trading method.

The company will make repurchases in order to enable the accomplishment of a flexible capital policy in response to the changes in the business environment. The company will make the repurchases on March 19, 2014. As of February 28, 2014, the company has 62,211,740 outstanding shares (excluding treasury shares) and 4,617,509 shares were held under treasury.