Toyo Electric Corporation (NSE:6655) announces a share repurchase program. Under the program, the company will repurchase up to 32 shares, using the closing price of its common shares in Nagoya Stock Exchange on the date of the purchase (November 4, 2016). The company is repurchasing its shares following a reverse share-split (consolidation of 2 shares to 1 share), based on the resolution of the 77th Ordinary General Meeting of shareholders last June 22, 2016.