Toyo Electric Corporation (NSE:6655) announces a share repurchase program. Under the program, the company will repurchase 98,000 shares, representing 2.28% of the outstanding shares, at ¥989 per share for ¥107.8 million. The purpose of the program is to improve shareholder returns and to enable the implementation of a flexible capital policy in response to changes in the business environment. As of March 31, 2018, the company had 4,694,475 shares outstanding and 388,823 shares in treasury.