Toyo Logistics Co., Ltd. (TSE:9306) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 1.82% of its share capital, for ¥207.9 million. The shares will be repurchased at a price of ¥297 per share.

The purpose of the program is to enable the return of profits to shareholders and the execution of agile capital policies in response to changes in the business environment. The program will expire on June 29, 2022. As of May 31, 2022, the company had 38,411,364 shares in issue (excluding treasury stock) and 913,589 shares in treasury.